In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Chicken Soup For The Soul Entertainment Inc (CSSE), with a price target of $15. The company’s shares closed on Friday at $12.36, close to its 52-week high of $13.11.
Grondahl noted:
“We believe this deal is transformative and accelerates CSSEs AVOD goals with a leading platform. Reiterate OP rating and $15 price target. an impressive deal that will combine two of the largest free AVOD operators in the market today, CSSE and Sony Pictures Television will each contribute assets to establish the new Crackle Plus AVOD streaming platform.”
According to TipRanks.com, Grondahl is a top 100 analyst with an average return of 29.4% and a 69.2% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The the analyst consensus on Chicken Soup For The Soul Entertainment Inc is currently a Hold rating.
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Based on Chicken Soup For The Soul Entertainment Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $324.9K. In comparison, last year the company had a GAAP net loss of $562.5K.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSSE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chicken Soup for the Soul Entertainment, Inc. is an emerging growth company, which engages in the production and distribution of video content. It operates through the following segments: Online Networks, Television and Film Distribution, and television and Short-Form Video Production.
