Cineverse (NASDAQ:CNVS) PT Raised to $4.50

Cineverse (NASDAQ:CNVS) had its price target lifted by equities research analysts at Alliance Global Partners from $4.00 to $4.50 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Alliance Global Partners’ price target points to a potential upside of 103.62% from the stock’s previous close.

Separately, Benchmark reiterated a “speculative buy” rating and issued a $9.00 price target on shares of Cineverse in a research note on Tuesday, July 2nd.

Cineverse Price Performance

Shares of NASDAQ CNVS remained flat at $2.21 during trading on Tuesday. The stock had a trading volume of 436,434 shares, compared to its average volume of 278,074. Cineverse has a 1 year low of $0.71 and a 1 year high of $3.93. The company has a market capitalization of $34.49 million, a price-to-earnings ratio of -1.29 and a beta of 1.69. The company has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $0.96.

Cineverse (NASDAQ:CNVS) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The firm had revenue of $9.13 million for the quarter. Cineverse had a negative net margin of 46.23% and a negative return on equity of 19.19%.

About Cineverse

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.