Cinedigm Corp (NASDAQ:CIDM) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $2.78 for the company, according to Zacks. Zacks has also assigned Cinedigm an industry rank of 108 out of 256 based on the ratings given to related companies.

Several analysts recently issued reports on CIDM shares. Canaccord Genuity set a $3.00 price target on shares of Cinedigm and gave the stock a “buy” rating in a research report on Wednesday, April 10th. ValuEngine upgraded shares of China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

A hedge fund recently bought a new stake in Cinedigm stock. Bailard Inc. bought a new stake in Cinedigm Corp (NASDAQ:CIDM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,100 shares of the business services provider’s stock, valued at approximately $88,000. Bailard Inc. owned approximately 0.13% of Cinedigm at the end of the most recent reporting period. 7.65% of the stock is currently owned by institutional investors.

Shares of NASDAQ CIDM traded up $0.04 during trading hours on Tuesday, hitting $1.20. 10,999 shares of the stock were exchanged, compared to its average volume of 24,317. The firm has a fifty day moving average of $1.51. Cinedigm has a 1-year low of $0.48 and a 1-year high of $2.06.

About Cinedigm

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.

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