Cineverse (NASDAQ:CNVS - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.04 earnings per share for the quarter, Zacks reports. The company had revenue of $15.57 million during the quarter. Cineverse had a net margin of 4.61% and a return on equity of 12.87%.
Cineverse Trading Down 0.4%
Shares of Cineverse stock traded down $0.02 on Monday, hitting $4.78. 1,156,419 shares of the company traded hands, compared to its average volume of 179,609. The company has a market cap of $76.38 million, a PE ratio of 53.12 and a beta of 1.33. The stock's 50 day moving average price is $3.44 and its 200-day moving average price is $3.52. Cineverse has a 52 week low of $0.72 and a 52 week high of $6.00.
Institutional Investors Weigh In On Cineverse
Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in shares of Cineverse by 1,575.1% during the first quarter. Acadian Asset Management LLC now owns 122,598 shares of the company's stock valued at $386,000 after buying an additional 115,279 shares during the period. Goldman Sachs Group Inc. grew its holdings in Cineverse by 193.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,783 shares of the company's stock worth $167,000 after acquiring an additional 34,783 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Cineverse during the 1st quarter valued at about $68,000. 8.19% of the stock is owned by institutional investors.
Cineverse Company Profile
(
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Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.
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