Loop Media, Inc. (NYSEAMERICAN:LPTV – Free Report) – Analysts at B. Riley dropped their Q3 2024 earnings estimates for Loop Media in a report issued on Monday, May 6th. B. Riley analyst E. Wold now expects that the company will earn ($0.09) per share for the quarter, down from their prior forecast of ($0.08). B. Riley has a “Buy” rating and a $1.50 price target on the stock. The consensus estimate for Loop Media’s current full-year earnings is ($0.34) per share. B. Riley also issued estimates for Loop Media’s Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.33) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.19) EPS.
Loop Media Price Performance
Loop Media stock opened at $0.24 on Wednesday. Loop Media has a 12-month low of $0.22 and a 12-month high of $4.66. The company has a market capitalization of $17.05 million, a P/E ratio of -0.50 and a beta of 1.85.
Hedge Funds Weigh In On Loop Media
A hedge fund recently raised its stake in Loop Media stock. Thoroughbred Financial Services LLC boosted its position in shares of Loop Media, Inc. (NYSEAMERICAN:LPTV – Free Report) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the company’s stock after buying an additional 20,000 shares during the period. Thoroughbred Financial Services LLC owned approximately 0.12% of Loop Media worth $70,000 as of its most recent SEC filing. Institutional investors and hedge funds own 37.79% of the company’s stock.
About Loop Media
Loop Media, Inc operates as a multichannel digital video platform media company in the United States. The company offers hand-curated music video content licensed from major and independent record labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group; and non-music video content, which is licensed or acquired from third parties, such as action sports clips, drone and atmospheric footage, trivia, news headlines, lifestyle channels, and kid-friendly videos, as well as movie, television and video game trailers, and other content.
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