Cineverse Corp. (NASDAQ:CNVS - Get Free Report) shares shot up 0.3% on Tuesday . The company traded as high as $3.54 and last traded at $3.43. 65,680 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 95,347 shares. The stock had previously closed at $3.42.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on CNVS shares. Alliance Global Partners increased their price target on shares of Cineverse from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Benchmark increased their target price on shares of Cineverse from $9.00 to $10.00 and gave the stock a "speculative buy" rating in a research report on Friday, November 15th.
Get Our Latest Report on Cineverse
Cineverse Price Performance
The business has a 50 day simple moving average of $3.58 and a 200 day simple moving average of $1.99. The stock has a market cap of $56.03 million, a PE ratio of -2.19 and a beta of 1.65.
Institutional Investors Weigh In On Cineverse
A hedge fund recently bought a new stake in Cineverse stock. Virtu Financial LLC bought a new position in Cineverse Corp. (NASDAQ:CNVS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,204 shares of the company's stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.20% of Cineverse as of its most recent SEC filing. Institutional investors own 8.19% of the company's stock.
About Cineverse
(
Get Free Report)
Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.
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