Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE)’s stock price was up 6.6% during mid-day trading on Wednesday . The stock traded as high as $10.63 and last traded at $9.83, approximately 198,400 shares changed hands during trading. An increase of 542% from the average daily volume of 30,900 shares. The stock had previously closed at $9.22.

A number of research analysts have commented on the company. ValuEngine cut Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Maxim Group restated a “buy” rating and set a $22.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Tuesday, July 30th. Finally, Northland Securities set a $15.00 price target on Chicken Soup for The Soul Entrtnmnt and gave the company a “buy” rating in a research note on Friday, August 30th.

The company has a market capitalization of $41.81 million, a price-to-earnings ratio of -61.44 and a beta of 1.23. The business’s 50-day simple moving average is $9.13 and its 200-day simple moving average is $8.68.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.09). The business had revenue of $12.21 million for the quarter, compared to analyst estimates of $9.96 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 3.84% and a negative net margin of 20.39%. As a group, research analysts expect that Chicken Soup for The Soul Entrtnmnt Inc will post 0.04 earnings per share for the current year.

In other Chicken Soup for The Soul Entrtnmnt news, major shareholder Mvm Funds Llc acquired 95,049 shares of Chicken Soup for The Soul Entrtnmnt stock in a transaction on Thursday, June 27th. The shares were purchased at an average cost of $8.88 per share, with a total value of $844,035.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 72.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Chicken Soup for The Soul Entrtnmnt by 14,661.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock valued at $120,000 after purchasing an additional 15,834 shares during the period. Morgan Stanley increased its holdings in Chicken Soup for The Soul Entrtnmnt by 58.5% in the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock valued at $30,000 after purchasing an additional 1,481 shares during the last quarter. Vanguard Group Inc. increased its holdings in Chicken Soup for The Soul Entrtnmnt by 3.8% in the second quarter. Vanguard Group Inc. now owns 191,014 shares of the company’s stock valued at $1,433,000 after purchasing an additional 7,000 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Chicken Soup for The Soul Entrtnmnt in the second quarter valued at about $79,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Chicken Soup for The Soul Entrtnmnt in the second quarter valued at about $86,000. 21.25% of the stock is owned by hedge funds and other institutional investors.

About Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE)

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 its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

Read More: Technical Analysis of Stocks and What It Means

Receive News & Ratings for Chicken Soup for The Soul Entrtnmnt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicken Soup for The Soul Entrtnmnt and related companies with MarketBeat.com's FREE daily email newsletter.