Cineverse (NASDAQ:CNVS) Price Target Raised to $4.50

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

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

Cineverse Stock Performance

Cineverse stock remained flat at $2.21 during midday trading on Tuesday. The company had a trading volume of 436,434 shares, compared to its average volume of 278,074. Cineverse has a 52 week low of $0.71 and a 52 week high of $3.93. The business’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $0.96. The company has a market cap of $34.49 million, a PE ratio of -1.29 and a beta of 1.69.

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

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.