Alliance Entertainment (NASDAQ:AENT) Now Covered by Analysts at Maxim Group

Analysts at Maxim Group initiated coverage on shares of Alliance Entertainment (NASDAQ:AENT - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $10.00 price target on the stock. Maxim Group's price objective would indicate a potential upside of 141.55% from the company's current price.

Separately, Wall Street Zen upgraded shares of Alliance Entertainment from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd.

Alliance Entertainment Stock Performance

NASDAQ AENT traded up $0.37 during trading on Tuesday, reaching $4.14. 44,086 shares of the company's stock were exchanged, compared to its average volume of 79,157. Alliance Entertainment has a fifty-two week low of $1.10 and a fifty-two week high of $11.57. The stock has a market capitalization of $210.97 million, a P/E ratio of 17.25 and a beta of 0.30. The business has a 50 day moving average price of $3.01 and a 200-day moving average price of $4.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.30 and a quick ratio of 0.70.

Alliance Entertainment (NASDAQ:AENT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. Alliance Entertainment had a return on equity of 15.59% and a net margin of 1.10%. The business had revenue of $213.05 million for the quarter, compared to analysts' expectations of $210.65 million.

Institutional Trading of Alliance Entertainment

Hedge funds have recently added to or reduced their stakes in the company. Clarity Capital Partners LLC grew its holdings in Alliance Entertainment by 43,251.1% in the 1st quarter. Clarity Capital Partners LLC now owns 23,463,801 shares of the company's stock valued at $78,604,000 after buying an additional 23,409,676 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Alliance Entertainment during the fourth quarter worth approximately $864,000. Empowered Funds LLC increased its stake in Alliance Entertainment by 9.2% during the 1st quarter. Empowered Funds LLC now owns 90,880 shares of the company's stock worth $304,000 after acquiring an additional 7,683 shares during the period. Marshall Wace LLP acquired a new position in Alliance Entertainment in the 4th quarter valued at $440,000. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Alliance Entertainment by 179.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 27,900 shares of the company's stock valued at $93,000 after acquiring an additional 17,900 shares during the period. 0.27% of the stock is owned by institutional investors and hedge funds.

Alliance Entertainment Company Profile

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.