Chicken Soup For The Soul Entertainment Inc (CSSE) received a Buy rating and a $18 price target from Maxim Group analyst Allen Klee today. The company’s shares closed yesterday at $9.89.
Klee commented:
“The Crackle Plus online streaming JV with Sony, expected to close on May 1, should double CSSE’s revenues in 2019 and make CSSE one of the largest players in the attractive advertising video-on-demand (AVOD) market.”
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.4% and a 36.8% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International, Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chicken Soup For The Soul Entertainment Inc with a $16.50 average price target.
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The company has a one-year high of $13.11 and a one-year low of $6.32. Currently, Chicken Soup For The Soul Entertainment Inc has an average volume of 46.99K.
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Chicken Soup for the Soul Entertainment, Inc. is an emerging growth company, which engages in the production and distribution of video content. The firm distributes and exhibits video on-demand content directly to consumers across all digital platforms, such as smartphones, tablets, gaming consoles.
