Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Given Consensus Recommendation of “Strong Buy” by Analysts

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

Brokerages have set a twelve-month consensus price target of $19.44 for the company and are predicting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given Chicken Soup for The Soul Entrtnmnt an industry rank of 147 out of 256 based on the ratings given to related companies.

CSSE has been the topic of several recent analyst reports. Northland Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Brightcove in a report on Thursday, May 16th. ValuEngine upgraded shares of Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Maxim Group set a $25.00 target price on shares of Aridis Pharmaceuticals and gave the stock a “buy” rating in a report on Thursday, May 16th.

An institutional investor recently bought a new position in Chicken Soup for The Soul Entrtnmnt stock. Falcon Point Capital LLC acquired a new position in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,902 shares of the company’s stock, valued at approximately $89,000. Falcon Point Capital LLC owned 0.29% of Chicken Soup for The Soul Entrtnmnt as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 18.92% of the company’s stock.

Shares of CSSE stock traded down $0.16 on Friday, hitting $8.67. The company’s stock had a trading volume of 20,755 shares, compared to its average volume of 17,215. 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 fifty day moving average price is $7.60. The firm has a market cap of $36.68 million, a PE ratio of -54.19 and a beta of 1.21.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The business had revenue of $2.53 million during the quarter, compared to analyst estimates of $6.54 million. Chicken Soup for The Soul Entrtnmnt had a negative net margin of 12.85% and a negative return on equity of 2.24%. On average, sell-side analysts predict that Chicken Soup for The Soul Entrtnmnt will post 0.16 EPS for the current fiscal year.

Chicken Soup for The Soul Entrtnmnt Company Profile

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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