L Amy Newmark Sells 3,000 Shares of Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Stock

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Director L Amy Newmark sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $33.16, for a total transaction of $99,480.00. Following the sale, the director now owns 30,780 shares of the company’s stock, valued at $1,020,664.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

L Amy Newmark also recently made the following trade(s):

  • On Thursday, June 3rd, L Amy Newmark sold 2,009 shares of Chicken Soup for the Soul Entertainment stock. The shares were sold at an average price of $28.60, for a total transaction of $57,457.40.
  • On Wednesday, May 26th, L Amy Newmark sold 1,513 shares of Chicken Soup for the Soul Entertainment stock. The shares were sold at an average price of $28.78, for a total transaction of $43,544.14.
  • On Monday, May 24th, L Amy Newmark sold 1,307 shares of Chicken Soup for the Soul Entertainment stock. The shares were sold at an average price of $28.90, for a total transaction of $37,772.30.
  • On Thursday, May 20th, L Amy Newmark sold 300 shares of Chicken Soup for the Soul Entertainment stock. The shares were sold at an average price of $28.90, for a total transaction of $8,670.00.

CSSE opened at $35.60 on Friday. The stock has a market capitalization of $497.90 million, a P/E ratio of -10.69 and a beta of 1.63. The business has a 50 day simple moving average of $33.89. Chicken Soup for the Soul Entertainment, Inc. has a 12-month low of $6.45 and a 12-month high of $41.98.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last issued its quarterly earnings results on Thursday, May 13th. The company reported ($0.67) earnings per share for the quarter, beating the consensus estimate of ($0.97) by $0.30. Chicken Soup for the Soul Entertainment had a negative net margin of 47.73% and a negative return on equity of 66.86%. Analysts forecast that Chicken Soup for the Soul Entertainment, Inc. will post -2.08 EPS for the current fiscal year.

A number of research firms have weighed in on CSSE. DA Davidson raised their price objective on shares of Chicken Soup for the Soul Entertainment from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 1st. B. Riley started coverage on shares of Chicken Soup for the Soul Entertainment in a research note on Monday, May 24th. They issued a “buy” rating and a $62.00 price target for the company. Zacks Investment Research upgraded shares of Chicken Soup for the Soul Entertainment from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday. Alliance Global Partners lifted their price target on shares of Chicken Soup for the Soul Entertainment from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, May 14th. Finally, Northland Securities lifted their price target on shares of Chicken Soup for the Soul Entertainment from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, April 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.25.

Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Chicken Soup for the Soul Entertainment by 70.4% during the fourth quarter. BlackRock Inc. now owns 5,125 shares of the company’s stock valued at $102,000 after purchasing an additional 2,117 shares in the last quarter. Redmond Asset Management LLC purchased a new position in Chicken Soup for the Soul Entertainment during the first quarter valued at approximately $828,000. Dorsey Wright & Associates lifted its holdings in Chicken Soup for the Soul Entertainment by 134.4% during the first quarter. Dorsey Wright & Associates now owns 1,847 shares of the company’s stock valued at $44,000 after purchasing an additional 1,059 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Chicken Soup for the Soul Entertainment during the fourth quarter valued at approximately $643,000. Finally, Renaissance Technologies LLC purchased a new position in Chicken Soup for the Soul Entertainment during the fourth quarter valued at approximately $522,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

About Chicken Soup for the Soul Entertainment

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand company in the United States and internationally. It owns and operates various ad-supported and subscription-based video-on-demand (VOD) networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix.

Further Reading: Earnings Per Share

Insider Buying and Selling by Quarter for Chicken Soup for the Soul Entertainment (NASDAQ:CSSE)

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