In a report released today, Ishfaque Faruk from Westpark Capital maintained a Buy rating on Genius Brands International (NASDAQ: GNUS), with a price target of $6. The company’s shares opened today at $2.40, close to its 52-week low of $2.01.
Faruk observed:
“We view these developments very favorably as a hit TV Series will drive merchandise sales. We lower our $PT to $6 from $7, to reflect timing of revenue recognitions being pushed to F’19. We maintain our Outperform rating on GNUS.”
According to TipRanks.com, Faruk is ranked #4633 out of 4859 analysts.
Currently, the analyst consensus on Genius Brands International is a Moderate Buy with an average price target of $6.
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Based on Genius Brands International’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.19 million. In comparison, last year the company had a GAAP net loss of $1.25 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.
