Zacks: Brokerages Set $19.40 Target Price for Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE)
Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) has earned a consensus broker rating score of 1.17 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and three have given a strong buy rating to the company.
Analysts have set a 12-month consensus target price of $19.40 for the company and are anticipating that the company will post ($0.24) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Chicken Soup for The Soul Entrtnmnt an industry rank of 101 out of 255 based on the ratings given to its competitors.
CSSE has been the subject of a number of research analyst reports. TheStreet downgraded shares of Chicken Soup for The Soul Entrtnmnt from a “c” rating to a “d+” rating in a report on Monday, November 18th. Northland Securities reiterated a “buy” rating and issued a $13.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a report on Friday, November 15th. National Securities initiated coverage on shares of Chicken Soup for The Soul Entrtnmnt in a report on Thursday, October 24th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, ValuEngine lowered shares of Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research note on Monday, December 30th.
NASDAQ CSSE traded up $0.26 on Monday, reaching $8.60. 13,902 shares of the stock traded hands, compared to its average volume of 7,092. Chicken Soup for The Soul Entrtnmnt has a 12 month low of $7.01 and a 12 month high of $13.11. The company has a market cap of $36.64 million, a price-to-earnings ratio of -53.75 and a beta of 1.09. The firm’s fifty day simple moving average is $7.96 and its 200 day simple moving average is $8.74.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last posted its quarterly earnings data on Thursday, November 14th. The company reported ($1.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($1.05). Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 14.70% and a negative net margin of 44.72%. The firm had revenue of $17.05 million during the quarter, compared to the consensus estimate of $23.36 million. Research analysts predict that Chicken Soup for The Soul Entrtnmnt will post -1.54 earnings per share 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.
Read More: 52-Week High/Low Prices For Stock Selection
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chicken Soup for The Soul Entrtnmnt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicken Soup for The Soul Entrtnmnt and related companies with MarketBeat.com's FREE daily email newsletter.