Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) - Stock analysts at B. Riley raised their FY2025 EPS estimates for Reservoir Media in a research report issued on Wednesday, February 5th. B. Riley analyst G. Boss now forecasts that the company will post earnings per share of $0.11 for the year, up from their previous estimate of $0.07. B. Riley currently has a "Buy" rating and a $12.50 price target on the stock. The consensus estimate for Reservoir Media's current full-year earnings is $0.07 per share.
Reservoir Media Stock Performance
NASDAQ:RSVR traded up $0.17 during mid-day trading on Monday, hitting $8.13. The stock had a trading volume of 42,721 shares, compared to its average volume of 26,497. Reservoir Media has a twelve month low of $6.59 and a twelve month high of $9.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.25 and a current ratio of 1.20. The stock has a market cap of $530.34 million, a price-to-earnings ratio of 73.92, a PEG ratio of 11.73 and a beta of 0.92. The company's 50 day simple moving average is $8.49 and its 200 day simple moving average is $8.28.
Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%.
Institutional Trading of Reservoir Media
A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new position in shares of Reservoir Media during the 2nd quarter worth approximately $81,000. 272 Capital LP bought a new position in Reservoir Media during the third quarter worth $122,000. Wells Fargo & Company MN increased its holdings in shares of Reservoir Media by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock valued at $125,000 after purchasing an additional 2,531 shares during the last quarter. Meridian Wealth Advisors LLC raised its position in shares of Reservoir Media by 49.7% in the fourth quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company's stock valued at $136,000 after purchasing an additional 4,974 shares during the period. Finally, E&G Advisors LP acquired a new stake in shares of Reservoir Media during the 3rd quarter worth about $246,000. 44.38% of the stock is owned by institutional investors and hedge funds.
Reservoir Media Company Profile
(
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Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.
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