Brokerages Anticipate Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to Announce ($0.11) Earnings Per Share

Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) has been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $19.44 for the company and are forecasting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Chicken Soup for The Soul Entrtnmnt an industry rank of 108 out of 256 based on the ratings given to its competitors.

Several research analysts have commented on CSSE shares. Maxim Group set a $25.00 target price on Aridis Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, May 16th. ValuEngine raised Vermillion from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, Northland Securities reissued a “buy” rating and set a $14.00 target price on shares of Brightcove in a research note on Thursday, May 16th.

A hedge fund recently raised its stake in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP increased its position in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 45.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,027 shares of the company’s stock after buying an additional 96,527 shares during the quarter. Royce & Associates LP owned 7.49% of Chicken Soup for The Soul Entrtnmnt worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 18.92% of the company’s stock.

NASDAQ CSSE traded up $0.43 during trading on Friday, hitting $8.83. 6,468 shares of the company’s stock were exchanged, compared to its average volume of 15,400. The stock has a market capitalization of $34.86 million, a P/E ratio of -54.47 and a beta of 1.21. Chicken Soup for The Soul Entrtnmnt has a fifty-two week low of $6.75 and a fifty-two week high of $13.11. The firm’s 50 day moving average price is $7.58.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last issued its earnings results on Wednesday, May 15th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.21). The business had revenue of $2.53 million for the quarter, compared to analyst estimates of $6.54 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 2.24% and a negative net margin of 12.85%. Sell-side analysts anticipate that Chicken Soup for The Soul Entrtnmnt will post 0.16 EPS for the current year.

About Chicken Soup for The Soul Entrtnmnt

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

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