Brokerages Anticipate Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to Announce ($0.24) EPS

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Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) has been assigned an average broker rating score of 1.17 (Strong Buy) from the four brokers that provide coverage for the stock, 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. Chicken Soup for The Soul Entrtnmnt’s rating score has declined by 17% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a twelve-month consensus price objective of $19.40 for the company and are anticipating that the company will post ($0.24) EPS for the current quarter, according to Zacks. Zacks has also given Chicken Soup for The Soul Entrtnmnt an industry rank of 102 out of 255 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the stock. Northland Securities reissued a “buy” rating and issued a $13.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a report on Friday, November 15th. National Securities initiated coverage on Chicken Soup for The Soul Entrtnmnt in a research report on Thursday, October 24th. They set a “buy” rating and a $23.00 price target on the stock. TheStreet cut Chicken Soup for The Soul Entrtnmnt from a “c” rating to a “d+” rating in a report on Monday, November 18th. Finally, ValuEngine lowered Chicken Soup for The Soul Entrtnmnt from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Large investors have recently modified their holdings of the business. CWM LLC acquired a new position in shares of Chicken Soup for The Soul Entrtnmnt during the 3rd quarter worth about $32,000. Morgan Stanley increased its position in shares of Chicken Soup for The Soul Entrtnmnt by 58.5% in the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock valued at $30,000 after acquiring an additional 1,481 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter worth about $79,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Chicken Soup for The Soul Entrtnmnt during the 2nd quarter worth approximately $86,000. Finally, Falcon Point Capital LLC acquired a new stake in shares of Chicken Soup for The Soul Entrtnmnt in the 2nd quarter valued at approximately $89,000. 19.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chicken Soup for The Soul Entrtnmnt stock traded down $0.03 during trading on Friday, reaching $7.76. 63 shares of the company were exchanged, compared to its average volume of 15,101. The business has a 50-day moving average price of $8.97 and a 200-day moving average price of $8.70. The firm has a market capitalization of $33.19 million, a price-to-earnings ratio of -46.88 and a beta of 1.11. Chicken Soup for The Soul Entrtnmnt has a twelve month low of $6.75 and a twelve month high of $13.11.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last released its earnings results on Thursday, November 14th. The company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($1.05). The company had revenue of $17.05 million during the quarter, compared to analyst estimates of $23.36 million. Chicken Soup for The Soul Entrtnmnt had a negative net margin of 44.72% and a negative return on equity of 14.70%. On average, analysts expect 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.

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