Reservoir Media (NASDAQ:RSVR) Posts Quarterly Earnings Results

Reservoir Media (NASDAQ:RSVR) posted its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $34.32 million for the quarter, compared to analyst estimates of $34.42 million. Reservoir Media had a net margin of 0.44% and a return on equity of 1.14%. Reservoir Media updated its FY 2025 guidance to EPS.

Reservoir Media Stock Performance

Shares of NASDAQ:RSVR traded down $0.38 during trading on Thursday, hitting $7.58. 38,095 shares of the stock traded hands, compared to its average volume of 67,706. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average price of $7.67 and a two-hundred day moving average price of $7.62. Reservoir Media has a 52-week low of $5.19 and a 52-week high of $9.20. The company has a market cap of $493.00 million, a price-to-earnings ratio of -758,000.00, a P/E/G ratio of 10.39 and a beta of 0.90.

Insider Buying and Selling

In other news, Director Adam Rothstein acquired 4,016 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $7.01 per share, with a total value of $28,152.16. Following the completion of the acquisition, the director now owns 272,256 shares of the company’s stock, valued at $1,908,514.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Reservoir Media news, major shareholder Hassan Khosrowshahi bought 300,000 shares of Reservoir Media stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $8.00 per share, with a total value of $2,400,000.00. Following the purchase, the insider now directly owns 28,526,573 shares in the company, valued at approximately $228,212,584. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Adam Rothstein purchased 4,016 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of $7.01 per share, for a total transaction of $28,152.16. Following the purchase, the director now directly owns 272,256 shares in the company, valued at approximately $1,908,514.56. The disclosure for this purchase can be found here. 27.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, B. Riley boosted their price objective on Reservoir Media from $11.00 to $11.50 and gave the company a “buy” rating in a report on Friday, May 31st.

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.