Northland Securities reaffirmed their buy rating on shares of Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) in a research note published on Monday, April 1st, AnalystRatings.com reports. Northland Securities currently has a $15.00 target price on the stock.
“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.”,” Northland Securities’ analyst commented.
Separately, ValuEngine raised shares of Chicken Soup for The Soul Entrtnmnt from a sell rating to a hold rating in a report on Tuesday, February 12th.
An institutional investor recently raised its position in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP boosted its position in Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 30.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,000 shares of the company’s stock after buying an additional 45,000 shares during the period. Royce & Associates LP owned approximately 5.13% of Chicken Soup for The Soul Entrtnmnt worth $1,989,000 at the end of the most recent quarter. 16.57% of the stock is currently owned by institutional investors.
Chicken Soup for The Soul Entrtnmnt Company Profile
Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through Popcornflix and A Plus networks, as well as operates a series of direct-to consumer advertising supported channels.
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