Maxim Group analyst Allen Klee maintained a Buy rating on Chicken Soup For The Soul Entertainment Inc (CSSE) yesterday and set a price target of $18. The company’s shares closed yesterday at $9.51.
Klee wrote:
“We expect the focus of 1Q19 results – due Wednesday, post-close, cc at 4:30 ET – to be on streaming video, where Chicken Soup is combining most of its offerings with Sony’s Crackle. Upon the close of the JV, this will become one of the largest advertising video-on-demand (AVOD) offerings in the market.”
According to TipRanks.com, Klee has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.0% and a 28.6% 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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Based on Chicken Soup For The Soul Entertainment Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $825.9K. In comparison, last year the company had a GAAP net loss of $562.5K.
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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.
