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B. Riley Brokers Reduce Earnings Estimates for Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE)

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEGet Rating) – Investment analysts at B. Riley lowered their Q2 2022 EPS estimates for Chicken Soup for the Soul Entertainment in a research note issued on Tuesday, July 12th. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.84) per share for the quarter, down from their previous forecast of ($0.77). B. Riley currently has a “Neutral” rating and a $26.00 target price on the stock. The consensus estimate for Chicken Soup for the Soul Entertainment’s current full-year earnings is ($1.42) per share. B. Riley also issued estimates for Chicken Soup for the Soul Entertainment’s Q3 2022 earnings at ($0.41) EPS, Q4 2022 earnings at ($0.15) EPS, FY2022 earnings at ($2.32) EPS, Q1 2023 earnings at ($0.61) EPS, Q2 2023 earnings at ($0.59) EPS, Q3 2023 earnings at ($0.31) EPS, Q4 2023 earnings at ($0.06) EPS and FY2023 earnings at ($1.57) EPS.

Several other analysts have also issued reports on CSSE. Craig Hallum cut their target price on shares of Chicken Soup for the Soul Entertainment from $54.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, April 1st. Guggenheim assumed coverage on shares of Chicken Soup for the Soul Entertainment in a research report on Tuesday, May 17th. They set a “buy” rating for the company. Canaccord Genuity Group decreased their target price on Chicken Soup for the Soul Entertainment from $38.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, April 1st. Finally, Alliance Global Partners cut their price target on Chicken Soup for the Soul Entertainment from $31.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

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Chicken Soup for the Soul Entertainment stock opened at $8.54 on Thursday. Chicken Soup for the Soul Entertainment has a 52-week low of $4.35 and a 52-week high of $39.93. The company has a market cap of $131.24 million, a P/E ratio of -2.07 and a beta of 1.24. The business has a 50-day simple moving average of $7.03 and a two-hundred day simple moving average of $9.12. Chicken Soup for the Soul Entertainment (NASDAQ:CSSEGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.28). The firm had revenue of $29.21 million during the quarter, compared to the consensus estimate 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%.

Several large investors have recently added to or reduced their stakes in CSSE. Cornerstone Advisory LLC purchased a new position in Chicken Soup for the Soul Entertainment in the 4th quarter worth approximately $36,000. Advisor Group Holdings Inc. increased its holdings in Chicken Soup for the Soul Entertainment by 740.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,239 shares of the company’s stock valued at $42,000 after acquiring an additional 4,616 shares during the last quarter. Quent Capital LLC purchased a new stake in Chicken Soup for the Soul Entertainment in the 1st quarter worth $54,000. Exchange Traded Concepts LLC grew its position in shares of Chicken Soup for the Soul Entertainment by 6.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,096 shares of the company’s stock valued at $264,000 after purchasing an additional 1,140 shares in the last quarter. Finally, PDT Partners LLC increased its holdings in shares of Chicken Soup for the Soul Entertainment by 45.9% in the fourth quarter. PDT Partners LLC now owns 19,350 shares of the company’s stock worth $268,000 after purchasing an additional 6,087 shares during the last quarter. Hedge funds and other institutional investors own 37.16% of the company’s stock.

Chicken Soup for the Soul Entertainment Company Profile (Get Rating)

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.

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Earnings History and Estimates for Chicken Soup for the Soul Entertainment (NASDAQ:CSSE)

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