Adam Rothstein Sells 34,719 Shares of Reservoir Media (NASDAQ:RSVR) Stock

Key Points

• Adam Rothstein, a director at Reservoir Media, sold 34,719 shares of stock on September 9 for around $274,974, reducing his total holdings by approximately 19.55%.
• Reservoir Media's stock recently traded at $8.00 with a market capitalization of $524.47 million, while the company's 52-week range was $6.56 - $9.83.
• Analysts have varied ratings for Reservoir Media, with a consensus rating of "Buy" and a target price of $11.50, despite a recent downgrade from some analysts.

Reservoir Media, Inc. (NASDAQ:RSVR - Get Free Report) Director Adam Rothstein sold 34,719 shares of Reservoir Media stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $7.92, for a total transaction of $274,974.48. Following the completion of the transaction, the director owned 142,827 shares in the company, valued at $1,131,189.84. This trade represents a 19.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Adam Rothstein also recently made the following trade(s):

• On Wednesday, September 10th, Adam Rothstein sold 65,281 shares of Reservoir Media stock. The shares were sold at an average price of $7.80, for a total transaction of $509,191.80.
• On Friday, August 8th, Adam Rothstein sold 48,430 shares of Reservoir Media stock. The stock was sold at an average price of $7.50, for a total value of $363,225.00.
• On Thursday, August 7th, Adam Rothstein sold 74,558 shares of Reservoir Media stock. The shares were sold at an average price of $7.62, for a total value of $568,131.96.

Reservoir Media Stock Performance

Shares of RSVR stock traded up $0.20 during trading hours on Thursday, reaching $8.00. 76,058 shares of the company's stock were exchanged, compared to its average volume of 57,343. Reservoir Media, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $9.83. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $524.47 million, a P/E ratio of 72.73, a P/E/G ratio of 6.82 and a beta of 0.88. The business has a fifty day moving average price of $7.80 and a 200-day moving average price of $7.54.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). The business had revenue of $37.16 billion for the quarter, compared to analyst estimates of $36.88 million. Reservoir Media had a net margin of 4.67% and a return on equity of 2.07%. Reservoir Media has set its FY 2026 guidance at EPS. Analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

RSVR has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Reservoir Media from a "sell" rating to a "hold" rating in a research report on Monday, June 23rd. B. Riley reaffirmed a "buy" rating and issued a $11.50 price target (down previously from $12.50) on shares of Reservoir Media in a report on Friday, June 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Reservoir Media has an average rating of "Buy" and a consensus target price of $11.50.

Institutional Trading of Reservoir Media

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSVR. Police & Firemen s Retirement System of New Jersey acquired a new position in Reservoir Media in the second quarter worth about $34,000. First Pacific Advisors LP acquired a new stake in shares of Reservoir Media during the first quarter worth approximately $50,000. BNP Paribas Financial Markets bought a new position in shares of Reservoir Media in the fourth quarter valued at approximately $51,000. Tower Research Capital LLC TRC grew its position in Reservoir Media by 373.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,504 shares of the company's stock worth $58,000 after acquiring an additional 5,918 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in Reservoir Media in the 1st quarter valued at $105,000. Institutional investors own 44.38% of the company's stock.

Reservoir Media Company Profile

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.

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