Cineverse (NASDAQ:CNVS) Price Target Raised to $10.00

Cineverse (NASDAQ:CNVS) had its target price lifted by Benchmark from $9.00 to $10.00 in a research note released on Friday,Benzinga reports. They currently have a speculative buy rating on the stock.

Separately, Alliance Global Partners boosted their price target on shares of Cineverse from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd.

Cineverse Trading Up 23.1 %

Shares of CNVS stock opened at $3.20 on Friday. The company has a market capitalization of $50.27 million, a P/E ratio of -1.99 and a beta of 1.47. The business’s 50 day moving average is $1.69 and its two-hundred day moving average is $1.15. Cineverse has a twelve month low of $0.71 and a twelve month high of $3.93.

Institutional Trading of Cineverse

A hedge fund recently raised its stake in Cineverse stock. Corsair Capital Management L.P. grew its stake in shares of Cineverse Corp. (NASDAQ:CNVS) by 86.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 617,159 shares of the company’s stock after purchasing an additional 286,507 shares during the period. Corsair Capital Management L.P. owned approximately 3.93% of Cineverse worth $604,000 at the end of the most recent reporting period. 8.19% of the stock is currently owned by institutional investors.

About Cineverse

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.