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

Cineverse (NASDAQ:CNVS) had its price objective lifted by Alliance Global Partners from $4.00 to $4.50 in a research report released on Tuesday, Marketbeat reports. They currently have a buy rating on the stock.

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

Cineverse Stock Performance

Shares of CNVS opened at $2.31 on Tuesday. The stock has a 50 day simple moving average of $1.10 and a 200 day simple moving average of $0.98. Cineverse has a 52-week low of $0.71 and a 52-week high of $3.93. The firm has a market capitalization of $36.05 million, a PE ratio of -1.34 and a beta of 1.69.

Cineverse (NASDAQ:CNVS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $9.13 million during 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.