Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) from a sell rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “Chicken Soup For The Soul Entertainment, Inc. is a provider of positive and entertaining video content through its subsidiary of Chicken Soup for the Soul, LLC. The Company will make its video content available to consumers globally through television and online networks, including its online affiliate APlus.com. Chicken Soup For The Soul Entertainment, Inc. is based in Cos Cob, United States. “

CSSE has been the topic of a number of other reports. Guggenheim began coverage on shares of Chicken Soup for the Soul Entertainment in a research note on Friday, October 1st. They set a buy rating and a $37.00 price target on the stock. reduced their price objective on shares of Chicken Soup for the Soul Entertainment from $52.00 to $38.00 and set a buy rating on the stock in a research note on Tuesday, November 9th. Finally, Needham & Company LLC decreased their target price on shares of Chicken Soup for the Soul Entertainment from $45.00 to $25.00 and set a buy rating for the company in a report on Tuesday, November 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of $42.56.

CSSE stock opened at $13.54 on Tuesday. The firm has a market cap of $222.34 million, a P/E ratio of -4.12 and a beta of 1.49. Chicken Soup for the Soul Entertainment has a 52-week low of $12.01 and a 52-week high of $47.72. The company’s 50-day simple moving average is $14.53 and its 200-day simple moving average is $22.67.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last announced its quarterly earnings results on Sunday, November 7th. The company reported ($1.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.54). Chicken Soup for the Soul Entertainment had a negative return on equity of 42.81% and a negative net margin of 41.35%. The firm had revenue of $29.10 million for the quarter, compared to analyst estimates of $29.14 million. During the same quarter in the prior year, the business earned ($0.63) EPS. On average, research analysts expect that Chicken Soup for the Soul Entertainment will post -3 EPS for the current year.

Several institutional investors have recently made changes to their positions in CSSE. Granahan Investment Management Inc. MA lifted its holdings in Chicken Soup for the Soul Entertainment by 27.9% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 983,484 shares of the company’s stock worth $22,492,000 after buying an additional 214,729 shares during the period. Islet Management LP boosted its stake in shares of Chicken Soup for the Soul Entertainment by 40.5% in the 3rd quarter. Islet Management LP now owns 638,778 shares of the company’s stock worth $14,609,000 after buying an additional 184,233 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Chicken Soup for the Soul Entertainment by 2,876.7% in the 2nd quarter. Bank of America Corp DE now owns 604,560 shares of the company’s stock worth $25,029,000 after buying an additional 584,250 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Chicken Soup for the Soul Entertainment by 7,379.9% in the 2nd quarter. BlackRock Inc. now owns 602,280 shares of the company’s stock worth $24,934,000 after buying an additional 594,228 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Chicken Soup for the Soul Entertainment by 27.6% in the second quarter. Vanguard Group Inc. now owns 300,073 shares of the company’s stock valued at $12,422,000 after acquiring an additional 64,860 shares in the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Chicken Soup for the Soul Entertainment Company Profile

Chicken Soup for the Soul Entertainment, Inc is an emerging growth company, which engages in the production and distribution of video content. The firm distributes and exhibits video on-demand content directly to consumers across all digital platforms, such as smartphones, tablets, gaming consoles. It also provides distribution of movies and television series worldwide to consumers through license agreements across all media, including theatrical, home video, pay-per-view, free, cable and pay television, VOD and new digital media platforms worldwide.

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Analyst Recommendations for Chicken Soup for the Soul Entertainment (NASDAQ:CSSE)

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