These Analysts Lower Their Forecasts On Chicken Soup For The Soul Entertainment After Q2 Results

Chicken Soup for the Soul Entertainment, Inc. CSSE reported downbeat revenue for the second quarter.

The company posted quarterly loss of $1.50 per share, compared to market expectations for a loss of $1.72 per share. The company’s quarterly sales came in at $79.91 million, versus estimates of $120.09 million.

Chicken Soup for the Soul Entertainment shares dipped 45.5% to trade at $0.5502 on Tuesday.

These analysts made changes to their price targets on Chicken Soup for the Soul Entertainment following earnings announcement.

• Needham cut the price target on Chicken Soup for the Soul Entertainment from $3.5 to $1.25. Needham analyst Laura Martin reiterated a Buy rating.
• Benchmark slashed the price target on Chicken Soup for the Soul Entertainment from $12 to $6. Benchmark analyst Daniel Kurnos maintained a Buy rating.
• Alliance Global Partners analyst Brian Kinstlinger, meanwhile, downgraded the stock from Buy to Neutral.
• Craig-Hallum analyst Jason Kreyer also downgraded the stock from Buy to Hold and announced a $1 price target.

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