Reservoir Media (NASDAQ:RSVR) Stock Rating Upgraded by Zacks Research

Key Points

• Reservoir Media's stock rating has been upgraded by Zacks Research from a "strong sell" to a "hold," reflecting growing confidence in the company's stock.
• The company's stock currently has an average rating of "Hold" and a consensus target price of $11.50, with various research institutes also echoing similar sentiments.
• Reservoir Media reported a net margin of 4.67% for its latest quarter, meeting EPS expectations of ($0.01) and generating revenue of $37.16 million.

Reservoir Media (NASDAQ:RSVR - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

RSVR has been the topic of a number of other research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Reservoir Media in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Reservoir Media from a "sell" rating to a "hold" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Reservoir Media presently has an average rating of "Hold" and a consensus target price of $11.50.

Reservoir Media Price Performance

NASDAQ RSVR opened at $7.70 on Monday. Reservoir Media has a 12 month low of $6.56 and a 12 month high of $9.83. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $504.81 million, a PE ratio of 70.01, a P/E/G ratio of 6.72 and a beta of 0.89. The company's 50 day simple moving average is $7.82 and its 200 day simple moving average is $7.58.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). Reservoir Media had a net margin of 4.67% and a return on equity of 2.07%. The business had revenue of $37.16 billion for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Adam Rothstein sold 74,558 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $7.62, for a total value of $568,131.96. Following the completion of the transaction, the director owned 214,895 shares of the company's stock, valued at approximately $1,637,499.90. This trade represents a 25.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 222,988 shares of company stock valued at $1,715,523. Company insiders own 27.00% of the company's stock.

Institutional Investors Weigh In On Reservoir Media

A number of institutional investors have recently modified their holdings of RSVR. Russell Investments Group Ltd. increased its stake in shares of Reservoir Media by 67.7% in the first quarter. Russell Investments Group Ltd. now owns 380,812 shares of the company's stock worth $2,906,000 after acquiring an additional 153,705 shares during the last quarter. Irenic Capital Management LP raised its holdings in shares of Reservoir Media by 1.2% during the first quarter. Irenic Capital Management LP now owns 5,388,003 shares of the company's stock worth $41,110,000 after acquiring an additional 65,421 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Reservoir Media by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 90,003 shares of the company's stock worth $687,000 after acquiring an additional 3,110 shares in the last quarter. Repertoire Partners LP purchased a new stake in shares of Reservoir Media during the first quarter worth $385,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Reservoir Media during the first quarter worth $298,000. Institutional investors and hedge funds own 44.38% of the company's stock.

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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