Cineverse (NASDAQ:CNVS - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.04 earnings per share for the quarter, Zacks reports. Cineverse had a negative net margin of 16.52% and a positive return on equity of 7.33%.
Cineverse Trading Up 8.2%
Cineverse stock opened at $4.52 on Friday. Cineverse has a 12-month low of $0.72 and a 12-month high of $5.43. The firm has a market capitalization of $72.28 million, a price-to-earnings ratio of -4.38 and a beta of 1.33. The firm has a 50 day moving average of $3.40 and a 200 day moving average of $3.52.
Institutional Trading of Cineverse
A number of large investors have recently added to or reduced their stakes in CNVS. Acadian Asset Management LLC grew its holdings in shares of Cineverse by 1,575.1% in the first quarter. Acadian Asset Management LLC now owns 122,598 shares of the company's stock valued at $386,000 after purchasing an additional 115,279 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cineverse by 193.2% during the first quarter. Goldman Sachs Group Inc. now owns 52,783 shares of the company's stock valued at $167,000 after purchasing an additional 34,783 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Cineverse in the 1st quarter worth $68,000. Institutional investors own 8.19% of the company's stock.
About Cineverse
(
Get Free Report)
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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