Reservoir Media, Inc. (NASDAQ:RSVR – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $10.49 and last traded at $10.20, with a volume of 58265 shares. The stock had previously closed at $10.20.
Wall Street Analysts Forecast Growth
RSVR has been the subject of several recent research reports. Wall Street Zen raised Reservoir Media from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. B. Riley Financial downgraded Reservoir Media from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Reservoir Media in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.
Check Out Our Latest Analysis on Reservoir Media
Reservoir Media Stock Performance
Institutional Investors Weigh In On Reservoir Media
A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in Reservoir Media by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 58,507 shares of the company’s stock valued at $440,000 after acquiring an additional 2,042 shares during the period. Boston Partners grew its position in Reservoir Media by 2.5% during the fourth quarter. Boston Partners now owns 91,492 shares of the company’s stock valued at $693,000 after acquiring an additional 2,248 shares during the period. Invesco Ltd. grew its position in Reservoir Media by 22.1% during the fourth quarter. Invesco Ltd. now owns 13,446 shares of the company’s stock valued at $102,000 after acquiring an additional 2,433 shares during the period. Barclays PLC grew its position in Reservoir Media by 2.4% during the fourth quarter. Barclays PLC now owns 132,513 shares of the company’s stock valued at $1,003,000 after acquiring an additional 3,087 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Reservoir Media by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 90,003 shares of the company’s stock valued at $687,000 after acquiring an additional 3,110 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.
Reservoir Media Company Profile
Reservoir Media Inc is a global independent music rights management company that acquires, administers and monetizes music publishing and master recording assets. Its business model centers on building a diverse portfolio of copyrights and recordings across genres, then generating revenue through licensing, royalty collection and direct-to-fan initiatives. Reservoir’s catalog includes works by established and emerging songwriters and artists, spanning pop, rock, country, R&B and other contemporary styles.
The company operates two primary segments: music publishing and recorded music.
Featured Stories
- Five stocks we like better than Reservoir Media
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
Receive News & Ratings for Reservoir Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reservoir Media and related companies with MarketBeat.com's FREE daily email newsletter.
