Equities research analysts expect that Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) will post sales of $20.27 million for the current quarter, Zacks reports. Two analysts have issued estimates for Chicken Soup for The Soul Entrtnmnt’s earnings. The lowest sales estimate is $19.93 million and the highest is $20.60 million. Chicken Soup for The Soul Entrtnmnt posted sales of $8.72 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 132.5%. The business is expected to announce its next earnings report on Tuesday, March 26th.
According to Zacks, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full year sales of $35.68 million for the current financial year, with estimates ranging from $35.06 million to $36.30 million. For the next financial year, analysts forecast that the company will post sales of $46.07 million, with estimates ranging from $43.04 million to $49.10 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Chicken Soup for The Soul Entrtnmnt.
Separately, ValuEngine upgraded shares of Chicken Soup for The Soul Entrtnmnt from a “sell” rating to a “hold” rating in a report on Saturday, September 1st.
Shares of NASDAQ CSSE traded down $0.45 during mid-day trading on Tuesday, reaching $8.25. The company had a trading volume of 63,916 shares, compared to its average volume of 15,188. The stock has a market cap of $31.34 million, a PE ratio of 10.06 and a beta of 2.05. Chicken Soup for The Soul Entrtnmnt has a 52 week low of $6.19 and a 52 week high of $11.41.
In related news, major shareholder Mvm Funds Llc purchased 9,221 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average cost of $9.17 per share, for a total transaction of $84,556.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 67,495 shares of company stock worth $622,447. Company insiders own 72.60% of the company’s stock.
An institutional investor recently bought a new position in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP purchased a new position in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $1,437,000. Royce & Associates LP owned about 3.99% of Chicken Soup for The Soul Entrtnmnt at the end of the most recent quarter. Hedge funds and other institutional investors own 15.64% of the company’s stock.
Chicken Soup for The Soul Entrtnmnt Company Profile
Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through Popcornflix and A Plus networks, as well as operates a series of direct-to consumer advertising supported channels.
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