Cineverse (NASDAQ:CNVS) Posts Earnings Results

Cineverse (NASDAQ:CNVS) announced its quarterly earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, Zacks reports. Cineverse had a negative net margin of 48.58% and a negative return on equity of 25.87%.

Cineverse Price Performance

Shares of Cineverse stock opened at $4.69 on Friday. The company has a 50-day moving average of $3.74 and a 200 day moving average of $2.41. The firm has a market cap of $74.35 million, a price-to-earnings ratio of -2.89 and a beta of 1.63. Cineverse has a 1 year low of $0.71 and a 1 year high of $4.89.

Analysts Set New Price Targets

CNVS has been the subject of several analyst reports. Alliance Global Partners increased their price target on shares of Cineverse from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Benchmark raised their target price on shares of Cineverse from $9.00 to $10.00 and gave the stock a “speculative buy” rating in a research report on Friday, November 15th.

Cineverse Company Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.