Zacks: Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Given $19.90 Average Target Price by Analysts

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 brokers that cover the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $19.90 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Chicken Soup for The Soul Entrtnmnt an industry rank of 214 out of 256 based on the ratings given to related companies.

A number of research analysts recently commented on CSSE shares. Maxim Group reissued a “buy” rating and issued a $22.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Tuesday, July 30th. Northland Securities set a $15.00 target price on Chicken Soup for The Soul Entrtnmnt and gave the company a “buy” rating in a research note on Friday, August 30th.



In other news, major shareholder Mvm Funds Llc bought 35,288 shares of Chicken Soup for The Soul Entrtnmnt stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $9.28 per share, with a total value of $327,472.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 72.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its position in Chicken Soup for The Soul Entrtnmnt by 58.5% during the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock valued at $30,000 after buying an additional 1,481 shares during the period. Pinnacle Associates Ltd. purchased a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter valued at about $79,000. Steward Partners Investment Advisory LLC purchased a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter valued at about $86,000. Falcon Point Capital LLC purchased a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter valued at about $89,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Chicken Soup for The Soul Entrtnmnt by 14,661.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock valued at $120,000 after buying an additional 15,834 shares during the period. Institutional investors and hedge funds own 18.90% of the company’s stock.

CSSE traded up $0.27 during trading on Friday, reaching $9.64. The stock had a trading volume of 2,367 shares, compared to its average volume of 21,828. The stock has a market cap of $41.13 million, a PE ratio of -60.25 and a beta of 1.23. Chicken Soup for The Soul Entrtnmnt has a one year low of $6.75 and a one year high of $13.11. The business has a 50-day moving average of $9.30 and a 200-day moving average of $8.75.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last released its earnings results on Wednesday, August 14th. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.09). The firm had revenue of $12.21 million during the quarter, compared to the consensus estimate of $9.96 million. Chicken Soup for The Soul Entrtnmnt had a negative net margin of 20.39% and a negative return on equity of 3.84%. On average, analysts forecast that Chicken Soup for The Soul Entrtnmnt will post 0.04 earnings per share for the current fiscal 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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