Cineverse (NASDAQ:CNVS – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.13, FiscalAI reports. Cineverse had a negative net margin of 16.67% and a negative return on equity of 27.40%. The business had revenue of $25.97 million for the quarter, compared to the consensus estimate of $23.11 million.
Cineverse Stock Down 4.3%
NASDAQ CNVS opened at $2.68 on Friday. The company has a market capitalization of $57.08 million, a price-to-earnings ratio of -5.06 and a beta of 1.54. Cineverse has a twelve month low of $1.77 and a twelve month high of $7.39. The stock has a fifty day simple moving average of $2.58 and a 200 day simple moving average of $2.44.
Institutional Investors Weigh In On Cineverse
Several institutional investors and hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. acquired a new position in shares of Cineverse in the fourth quarter worth approximately $30,000. Prelude Capital Management LLC increased its position in Cineverse by 31.1% during the 3rd quarter. Prelude Capital Management LLC now owns 17,037 shares of the company’s stock valued at $57,000 after purchasing an additional 4,037 shares during the period. XTX Topco Ltd raised its holdings in Cineverse by 57.4% during the 4th quarter. XTX Topco Ltd now owns 29,126 shares of the company’s stock worth $61,000 after purchasing an additional 10,621 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Cineverse in the 1st quarter worth approximately $68,000. Finally, Osaic Holdings Inc. lifted its position in shares of Cineverse by 61.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,902 shares of the company’s stock worth $109,000 after purchasing an additional 8,700 shares during the period. Institutional investors and hedge funds own 8.19% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on CNVS
About Cineverse
Cineverse (NASDAQ: CNVS), formerly known as Cinedigm, is a digital entertainment company that acquires, produces and distributes film and television content across a range of platforms. Through its streaming division, the company offers a portfolio of direct-to-consumer channels and apps—spanning genres such as horror, faith and family, documentaries and classic cinema—on both AVOD (ad-supported) and FAST (free ad-supported television) services. Cineverse also licenses its curated libraries to third-party streaming platforms, pay-TV operators and retail video-on-demand providers.
In addition to its consumer-facing streaming business, Cineverse operates a digital cinema network that supplies hardware, software and content delivery solutions to cinema exhibitors throughout North America.
Recommended Stories
- Five stocks we like better than Cineverse
- Fabrinet Is Becoming a Quiet Winner in the AI Optics Buildout
- 3 Stocks Building the Future of Agentic AI Payments
- This Single Factor Is Holding Back Carvana’s Disruptive Edge
- BlackBerry’s Rally Is Running on a Bigger AI Story Than Earnings Alone
Receive News & Ratings for Cineverse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineverse and related companies with MarketBeat.com's FREE daily email newsletter.
