Loop Media, Inc. (NYSEAMERICAN:LPTV – Free Report) – B. Riley reduced their Q3 2024 EPS estimates for shares of Loop Media in a note issued to investors on Monday, May 6th. B. Riley analyst E. Wold now expects that the company will earn ($0.09) per share for the quarter, down from their prior estimate of ($0.08). B. Riley currently has a “Buy” rating and a $1.50 target price on the stock. The consensus estimate for Loop Media’s current full-year earnings is ($0.34) per share. B. Riley also issued estimates for Loop Media’s Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.33) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.19) EPS.
Loop Media (NYSEAMERICAN:LPTV – Get Free Report) last issued its quarterly earnings data on Friday, May 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The business had revenue of $4.00 million for the quarter, compared to analysts’ expectations of $6.42 million.
Loop Media Price Performance
Institutional Investors Weigh In On Loop Media
A hedge fund recently raised its stake in Loop Media stock. Thoroughbred Financial Services LLC boosted its holdings in shares of Loop Media, Inc. (NYSEAMERICAN:LPTV – Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Thoroughbred Financial Services LLC owned about 0.12% of Loop Media worth $70,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.
About Loop Media
Loop Media, Inc operates as a multichannel digital video platform media company in the United States. The company offers hand-curated music video content licensed from major and independent record labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group; and non-music video content, which is licensed or acquired from third parties, such as action sports clips, drone and atmospheric footage, trivia, news headlines, lifestyle channels, and kid-friendly videos, as well as movie, television and video game trailers, and other content.
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