Alliance Entertainment (NASDAQ:AENT) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Alliance Entertainment's stock has been given a "hold (C)" rating by Weiss Ratings, reaffirming recent cautious sentiments from analysts.
• Consensus ratings have landed at "Moderate Buy" with an average price target of $10.67, indicating potential upside despite current performance.
• The company's quarterly earnings reported a net margin of 1.42% with a revenue of $227.75 million, highlighting its ability to generate income amid fluctuating stock prices.

Alliance Entertainment (NASDAQ:AENT - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Several other brokerages have also issued reports on AENT. Zacks Research upgraded Alliance Entertainment to a "hold" rating in a research note on Tuesday, October 7th. Maxim Group started coverage on Alliance Entertainment in a research note on Tuesday, July 1st. They set a "buy" rating and a $10.00 price target on the stock. Noble Financial started coverage on Alliance Entertainment in a research note on Monday, October 6th. They set an "outperform" rating and a $11.00 price target on the stock. Industrial Alliance Securities set a $11.00 price target on Alliance Entertainment in a research note on Monday, October 6th. Finally, Wall Street Zen lowered Alliance Entertainment from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.67.

Alliance Entertainment Stock Performance

Shares of Alliance Entertainment stock traded up $0.04 during trading on Friday, reaching $5.36. The company's stock had a trading volume of 68,455 shares, compared to its average volume of 59,785. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.26. The business's fifty day moving average price is $6.15 and its 200-day moving average price is $4.60. The firm has a market cap of $273.15 million, a price-to-earnings ratio of 17.72 and a beta of 0.50. Alliance Entertainment has a one year low of $2.21 and a one year high of $11.57.

Alliance Entertainment (NASDAQ:AENT - Get Free Report) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.11 EPS for the quarter. Alliance Entertainment had a return on equity of 18.35% and a net margin of 1.42%.The business had revenue of $227.75 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Alliance Entertainment in the 2nd quarter worth approximately $59,000. OMERS ADMINISTRATION Corp raised its position in Alliance Entertainment by 179.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 27,900 shares of the company's stock worth $93,000 after purchasing an additional 17,900 shares during the last quarter. Empowered Funds LLC raised its position 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 last quarter. Bridgeway Capital Management LLC raised its position in shares of Alliance Entertainment by 18.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 122,075 shares of the company's stock valued at $460,000 after acquiring an additional 18,995 shares during the last quarter. Finally, Clarity Capital Partners LLC raised its position in shares of Alliance Entertainment by 43,251.1% during the 1st quarter. Clarity Capital Partners LLC now owns 23,463,801 shares of the company's stock valued at $78,604,000 after acquiring an additional 23,409,676 shares during the last quarter. 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.

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