Reservoir Media (NASDAQ:RSVR) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Reservoir Media has received a "Hold (C-)" rating from Weiss Ratings, reaffirming its stance as analysts suggest a cautious outlook for the stock.
• The company's stock is currently trading at $7.73, with a 12-month low of $6.56 and a high of $9.83, while it maintains a market cap of $506.77 million.
• Reservoir Media's recent quarterly earnings matched analysts’ expectations, reporting earnings per share of ($0.01) and revenue of $37.16 million against an anticipated $36.88 million.

Reservoir Media (NASDAQ:RSVR - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

RSVR has been the subject of a number of other research reports. Zacks Research upgraded Reservoir Media from a "strong sell" rating to a "hold" rating in a report on Monday. Wall Street Zen upgraded Reservoir Media from a "sell" rating to a "hold" rating in a report on Monday, June 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.50.

Reservoir Media Trading Up 0.4%

Shares of NASDAQ:RSVR opened at $7.73 on Wednesday. Reservoir Media has a 12-month low of $6.56 and a 12-month high of $9.83. The stock has a market cap of $506.77 million, a PE ratio of 70.28, a P/E/G ratio of 6.70 and a beta of 0.89. The business has a 50 day moving average of $7.81 and a 200-day moving average of $7.58. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.05.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). Reservoir Media had a return on equity of 2.07% and a net margin of 4.67%.The company had revenue of $37.16 billion during the quarter, compared to analysts' expectations of $36.88 million. Reservoir Media has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Reservoir Media will post 0.11 earnings per share for the current year.

Insider Activity

In related news, Director Adam Rothstein sold 65,281 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $7.80, for a total value of $509,191.80. Following the completion of the sale, the director directly owned 77,546 shares in the company, valued at approximately $604,858.80. The trade was a 45.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 222,988 shares of company stock valued at $1,715,523 in the last three months. Insiders own 27.00% of the company's stock.

Institutional Investors Weigh In On Reservoir Media

Several institutional investors have recently made changes to their positions in the stock. Irenic Capital Management LP boosted its stake in shares of Reservoir Media by 1.2% in the first quarter. Irenic Capital Management LP now owns 5,388,003 shares of the company's stock valued at $41,110,000 after buying an additional 65,421 shares during the period. AWM Investment Company Inc. raised its position in Reservoir Media by 6.3% during the second quarter. AWM Investment Company Inc. now owns 847,558 shares of the company's stock valued at $6,501,000 after purchasing an additional 50,000 shares in the last quarter. Geode Capital Management LLC raised its position in Reservoir Media by 2.8% during the second quarter. Geode Capital Management LLC now owns 641,418 shares of the company's stock valued at $4,921,000 after purchasing an additional 17,384 shares in the last quarter. Russell Investments Group Ltd. raised its position in Reservoir Media by 13.7% during the second quarter. Russell Investments Group Ltd. now owns 433,047 shares of the company's stock valued at $3,321,000 after purchasing an additional 52,235 shares in the last quarter. Finally, First Pacific Advisors LP raised its position in Reservoir Media by 4,906.3% during the second quarter. First Pacific Advisors LP now owns 329,066 shares of the company's stock valued at $2,524,000 after purchasing an additional 322,493 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors.

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.

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