Reservoir Media (NASDAQ:RSVR) Announces Quarterly Earnings Results

Key Points

• Reservoir Media reported earnings of ($0.01) per share for the quarter, aligning with analysts' expectations.
• Analysts from B. Riley maintained a "buy" rating on Reservoir Media, with a revised price target of $11.50.
• An institutional investor, Goldman Sachs, increased its stake in Reservoir Media by 3.6%, holding now about 0.14% of the company.

Reservoir Media (NASDAQ:RSVR - Get Free Report) released its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01), Zacks reports. Reservoir Media had a net margin of 4.88% and a return on equity of 2.15%. Reservoir Media updated its FY 2026 guidance to EPS.

Reservoir Media Stock Performance

Shares of RSVR traded down $0.09 during trading hours on Tuesday, hitting $7.72. The stock had a trading volume of 30,735 shares, compared to its average volume of 55,678. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a 50-day moving average price of $7.65 and a 200 day moving average price of $7.59. The firm has a market capitalization of $504.05 million, a price-to-earnings ratio of 69.91, a PEG ratio of 4.97 and a beta of 0.89. Reservoir Media has a fifty-two week low of $6.56 and a fifty-two week high of $9.83.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Reservoir Media from a "sell" rating to a "hold" rating in a research report on Monday, June 23rd. B. Riley restated a "buy" rating and set a $11.50 price objective (down from $12.50) on shares of Reservoir Media in a research note on Friday, June 6th.

Hedge Funds Weigh In On Reservoir Media

An institutional investor recently raised its position in Reservoir Media stock. Goldman Sachs Group Inc. raised its holdings in shares of Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,003 shares of the company's stock after buying an additional 3,110 shares during the quarter. Goldman Sachs Group Inc. owned about 0.14% of Reservoir Media worth $687,000 as of its most recent SEC filing. 44.38% of the stock is owned by hedge funds and other institutional investors.

Reservoir Media Company Profile

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.

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