Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) issued its quarterly earnings results on Wednesday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.21), Morningstar.com reports. 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 positive return on equity of 1.27% and a negative net margin of 3.14%.
Shares of CSSE traded down $0.69 during mid-day trading on Thursday, hitting $8.82. 13,088 shares of the company’s stock were exchanged, compared to its average volume of 36,608. The stock has a market capitalization of $38.71 million, a PE ratio of 11.80 and a beta of 1.26. Chicken Soup for The Soul Entrtnmnt has a fifty-two week low of $6.75 and a fifty-two week high of $13.11.
An institutional investor recently raised its position in Chicken Soup for The Soul Entrtnmnt stock. Teton Advisors Inc. raised its holdings in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,800 shares of the company’s stock after buying an additional 1,800 shares during the quarter. Teton Advisors Inc. owned approximately 0.31% of Chicken Soup for The Soul Entrtnmnt worth $89,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.57% of the company’s stock.
Several analysts have recently issued reports on CSSE shares. ValuEngine cut shares of Chicken Soup for The Soul Entrtnmnt from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Northland Securities reissued a “buy” rating and set a $15.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Monday, April 1st. Finally, Maxim Group started coverage on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Wednesday, April 24th. They set a “buy” rating on the stock.
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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 Popcornflix and A Plus networks, as well as operates a series of direct-to consumer advertising supported channels.
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