Cineverse (NASDAQ:CNVS) Stock Rating Reaffirmed by Benchmark

Cineverse (NASDAQ:CNVS)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at Benchmark in a note issued to investors on Tuesday, Benzinga reports. They presently have a $9.00 price target on the stock.

Cineverse Stock Up 3.6 %

NASDAQ:CNVS opened at $0.82 on Tuesday. Cineverse has a 52 week low of $0.78 and a 52 week high of $3.93. The company has a market capitalization of $10.94 million, a P/E ratio of -0.47 and a beta of 1.68. The stock’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.21.

Cineverse (NASDAQ:CNVS) last posted its earnings results on Monday, July 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.15. Cineverse had a negative return on equity of 24.65% and a negative net margin of 18.84%. The company had revenue of $9.86 million for the quarter.

Hedge Funds Weigh In On Cineverse

An institutional investor recently bought a new position in Cineverse stock. Leavell Investment Management Inc. bought a new position in shares of Cineverse Corp. (NASDAQ:CNVS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 41,968 shares of the company’s stock, valued at approximately $57,000. Leavell Investment Management Inc. owned approximately 0.33% of Cineverse at the end of the most recent quarter. Institutional investors own 8.19% of the company’s stock.

Cineverse Company Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.