Cineverse (NASDAQ:CNVS) PT Raised to $4.50

Cineverse (NASDAQ:CNVS) had its target price raised by equities researchers at Alliance Global Partners from $4.00 to $4.50 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Alliance Global Partners’ price target points to a potential upside of 112.26% from the stock’s previous close.

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

Cineverse Stock Down 6.6 %

CNVS opened at $2.12 on Tuesday. The business has a fifty day moving average of $1.07 and a 200 day moving average of $0.97. The stock has a market cap of $33.08 million, a P/E ratio of -1.23 and a beta of 1.69. Cineverse has a 52-week low of $0.71 and a 52-week high of $3.93.

Cineverse (NASDAQ:CNVS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). The company 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%.

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.