Chardan Capital analyst James McIlree reiterated a Buy rating on Genius Brands International (GNUS) today and set a price target of $8. The company’s shares closed yesterday at $1.99.
McIlree said:
“We believe this includes $3-6 million annually from license revenue from content and the bulk of the rest from royalties on consumer product sales.”
According to TipRanks.com, McIlree is a 1-star analyst with an average return of -2.1% and a 47.9% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, Vuzix Corporation, and Arcimoto Inc.
Currently, the analyst consensus on Genius Brands International is a Moderate Buy with an average price target of $8.
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Based on Genius Brands International’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.73 million. In comparison, last year the company had a GAAP net loss of $1.26 million.
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Genius Brands International, Inc. is a content and brand management company, which engages in developing, producing, marketing, and licensing branded children’s entertainment properties and consumer products for media distribution and retail channels.
