Investment analysts at Maxim Group initiated coverage on shares of Alliance Entertainment (NASDAQ:AENT - Get Free Report) in a report released on Tuesday, Marketbeat.com reports. The firm set a "buy" rating and a $10.00 price target on the stock. Maxim Group's target price points to a potential upside of 89.39% 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 report on Thursday, May 22nd.
View Our Latest Stock Analysis on AENT
Alliance Entertainment Stock Performance
Shares of AENT traded up $0.72 during trading hours on Tuesday, hitting $5.28. The stock had a trading volume of 65,318 shares, compared to its average volume of 79,632. The firm has a market capitalization of $269.07 million, a PE ratio of 22.00 and a beta of 0.41. 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 has a 12 month low of $1.10 and a 12 month high of $11.57. The stock has a fifty day moving average price of $3.15 and a 200 day moving average price of $4.35.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $213.05 million for the quarter, compared to analysts' expectations of $210.65 million. Alliance Entertainment had a return on equity of 15.59% and a net margin of 1.10%.
Institutional Investors Weigh In On Alliance Entertainment
Several hedge funds and other institutional investors have recently modified their holdings of AENT. OMERS ADMINISTRATION Corp bought a new stake in Alliance Entertainment during the fourth quarter valued at about $91,000. Renaissance Technologies LLC purchased a new position in shares of Alliance Entertainment during the 4th quarter valued at about $92,000. LPL Financial LLC purchased a new position in shares of Alliance Entertainment during the 4th quarter valued at about $130,000. Empowered Funds LLC grew its stake in shares of Alliance Entertainment by 9.2% during the 1st quarter. Empowered Funds LLC now owns 90,880 shares of the company's stock valued at $304,000 after acquiring an additional 7,683 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Alliance Entertainment in the 4th quarter worth approximately $440,000. 0.27% of the stock is currently owned by hedge funds and other institutional investors.
Alliance Entertainment Company Profile
(
Get Free Report)
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.
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