Cineverse (NASDAQ:CNVS) Stock Rating Reaffirmed by Benchmark

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

Cineverse Trading Up 3.6 %

CNVS stock opened at $0.82 on Tuesday. The stock has a 50-day moving average price of $0.90 and a two-hundred day moving average price of $1.21. The company has a market cap of $10.94 million, a PE ratio of -0.47 and a beta of 1.68. Cineverse has a 12-month low of $0.78 and a 12-month high of $3.93.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cineverse stock. Leavell Investment Management Inc. purchased a new position in Cineverse Corp. (NASDAQ:CNVS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,968 shares of the company’s stock, valued at approximately $57,000. Leavell Investment Management Inc. owned approximately 0.33% of Cineverse as of its most recent filing with the Securities & Exchange Commission. 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.