Brokers Set Expectations for Reservoir Media, Inc.'s FY2024 Earnings (NASDAQ:RSVR)

Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) - Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for Reservoir Media in a report issued on Wednesday, May 15th. B. Riley analyst G. Boss expects that the company will earn ($0.03) per share for the year. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Reservoir Media's current full-year earnings is ($0.03) per share. B. Riley also issued estimates for Reservoir Media's Q4 2024 earnings at $0.00 EPS, FY2025 earnings at $0.06 EPS and FY2026 earnings at $0.10 EPS.

Reservoir Media Stock Down 1.0 %

RSVR traded down $0.08 on Monday, reaching $8.32. The company's stock had a trading volume of 20,779 shares, compared to its average volume of 60,150. The stock has a market cap of $539.30 million, a price-to-earnings ratio of 120.00, a price-to-earnings-growth ratio of 12.92 and a beta of 0.97. Reservoir Media has a 1 year low of $5.19 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 1.14. The business's 50 day moving average is $8.06 and its 200 day moving average is $7.15.

Insider Activity at Reservoir Media

In other Reservoir Media news, major shareholder Hassan Khosrowshahi purchased 25,000 shares of Reservoir Media stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $7.04 per share, with a total value of $176,000.00. Following the completion of the acquisition, the insider now owns 48,392 shares of the company's stock, valued at approximately $340,679.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders acquired 101,608 shares of company stock valued at $728,585. Insiders own 26.27% of the company's stock.

Institutional Trading of Reservoir Media

Several institutional investors and hedge funds have recently bought and sold shares of RSVR. M&T Bank Corp raised its stake in Reservoir Media by 20.2% during the third quarter. M&T Bank Corp now owns 87,216 shares of the company's stock valued at $532,000 after buying an additional 14,674 shares in the last quarter. Barclays PLC raised its position in shares of Reservoir Media by 968.5% during the 3rd quarter. Barclays PLC now owns 42,279 shares of the company's stock worth $258,000 after purchasing an additional 38,322 shares during the period. Boston Partners raised its position in shares of Reservoir Media by 17.9% during the 3rd quarter. Boston Partners now owns 79,370 shares of the company's stock worth $484,000 after purchasing an additional 12,071 shares during the period. AWM Investment Company Inc. raised its position in shares of Reservoir Media by 15.0% during the 3rd quarter. AWM Investment Company Inc. now owns 701,662 shares of the company's stock worth $4,280,000 after purchasing an additional 91,768 shares during the period. Finally, Headinvest LLC acquired a new stake in shares of Reservoir Media during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 44.38% of the company's stock.

About Reservoir Media

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.