Reservoir Media (NASDAQ:RSVR) Shares Down 0.3% - Time to Sell?

Key Points

• Shares dipped about 0.3% to $10.01 on Tuesday with roughly 48,821 shares traded (down ~34% vs. average); the 50‑day SMA of $9.21 and 200‑day SMA of $8.09 point to a recent upward trend.
• Analysts have a consensus “Hold” rating (three analysts) with an average price target of $11.50; recent revisions include Weiss reissuing a hold, Wall Street Zen upgrading sell→hold, and B. Riley downgrading strong‑buy→hold.
• Quarterly results beat estimates—EPS $0.03 vs. $0.02 expected and revenue $45.57M vs. $42.63M—while the company still trades at a high P/E of 111.23, with a net margin of 3.87% and debt‑to‑equity of 1.21.

Reservoir Media, Inc. (NASDAQ:RSVR - Get Free Report)'s share price dropped 0.3% during trading on Tuesday . The company traded as low as $9.89 and last traded at $10.01. Approximately 48,821 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 74,136 shares. The stock had previously closed at $10.04.

Analyst Ratings Changes

RSVR has been the subject of a number of research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Reservoir Media in a report on Friday, March 27th. Wall Street Zen raised Reservoir Media from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Finally, B. Riley Financial lowered Reservoir Media from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Reservoir Media has a consensus rating of "Hold" and an average price target of $11.50.

Reservoir Media Trading Down 0.3%

The firm has a market cap of $656.66 million, a P/E ratio of 111.23 and a beta of 0.80. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $8.09.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $45.57 million for the quarter, compared to the consensus estimate of $42.63 million. Reservoir Media had a return on equity of 1.77% and a net margin of 3.87%. On average, research analysts expect that Reservoir Media, Inc. will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Reservoir Media

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Reservoir Media by 3.6% in the 4th quarter. Hsbc Holdings PLC now owns 58,507 shares of the company's stock worth $440,000 after buying an additional 2,042 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Reservoir Media by 22.1% in the 4th quarter. Invesco Ltd. now owns 13,446 shares of the company's stock worth $102,000 after buying an additional 2,433 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Reservoir Media by 10.3% in the 4th quarter. Inspire Investing LLC now owns 62,494 shares of the company's stock worth $473,000 after buying an additional 5,842 shares during the last quarter. Irenic Capital Management LP boosted its stake in shares of Reservoir Media by 5.6% in the 4th quarter. Irenic Capital Management LP now owns 5,986,176 shares of the company's stock worth $45,315,000 after buying an additional 316,505 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of Reservoir Media in the 4th quarter worth $1,188,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

About Reservoir Media

Reservoir Media Inc is a global independent music rights management company that acquires, administers and monetizes music publishing and master recording assets. Its business model centers on building a diverse portfolio of copyrights and recordings across genres, then generating revenue through licensing, royalty collection and direct-to-fan initiatives. Reservoir’s catalog includes works by established and emerging songwriters and artists, spanning pop, rock, country, R&B and other contemporary styles.

The company operates two primary segments: music publishing and recorded music.

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