Chicken Soup for the Soul Entertainment, Inc. operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix. The company distributes and exhibits VOD content directly to consumers through various digital platforms, such as connected TVs, smartphones, tablets, gaming consoles, and the web through its owned and operated AVOD or FAST channel networks. It also produces and licenses movies, television series, and programs; and produces long and short-form original content. The company was founded in 2014 and is headquartered in Cos Cob, Connecticut. Chicken Soup for the Soul Entertainment, Inc. is a subsidiary of Chicken Soup for the Soul Productions, LLC.
Chicken Soup for the Soul Entertainment Stock Up 2.8 %
Shares of CSSE traded up $0.31 during midday trading on Tuesday, reaching $11.35. The company had a trading volume of 93,422 shares, compared to its average volume of 171,429. Chicken Soup for the Soul Entertainment has a 1-year low of $4.35 and a 1-year high of $30.95. The stock has a market cap of $174.43 million, a PE ratio of -2.75 and a beta of 1.31. The firm has a 50 day simple moving average of $8.20 and a 200-day simple moving average of $8.62.
Chicken Soup for the Soul Entertainment (NASDAQ:CSSE - Get Rating) last issued its earnings results on Wednesday, May 11th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.64) by ($0.28). The company had revenue of $29.21 million during the quarter, compared to analyst estimates of $29.25 million. Chicken Soup for the Soul Entertainment had a negative return on equity of 57.35% and a negative net margin of 47.52%. As a group, sell-side analysts anticipate that Chicken Soup for the Soul Entertainment will post -1.37 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CSSE. B. Riley lowered shares of Chicken Soup for the Soul Entertainment from a "buy" rating to a "neutral" rating and lowered their target price for the company from $32.00 to $26.00 in a research note on Friday, May 13th. Alliance Global Partners cut their price target on shares of Chicken Soup for the Soul Entertainment from $31.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 12th. They noted that the move was a valuation call. Finally, Guggenheim started coverage on Chicken Soup for the Soul Entertainment in a research report on Tuesday, May 17th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Chicken Soup for the Soul Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.57.