Alliance Global Partners analyst Brian Kinstlinger reiterated a Buy rating on Cinedigm (CIDM – Research Report) yesterday and set a price target of $3.50. The company’s shares closed last Tuesday at $2.13, close to its 52-week high of $2.33.
According to TipRanks.com, Kinstlinger is a 3-star analyst with an average return of 3.0% and a 52.4% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Verb Technology Company, Rimini Street, and Boxlight.
Currently, the analyst consensus on Cinedigm is a Moderate Buy with an average price target of $3.50.
Cinedigm’s market cap is currently $352.6M and has a P/E ratio of -4.10. The company has a Price to Book ratio of -71.63.
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Cinedigm Corp. engages in the marketing and distribution of movie, television, and other short form content managing a library of distribution rights. It operates through the segments; Cinema Equipment Business, and Content and Entertainment Business (CEG). The Cinema Equipment Business segment consists of the non-recourse, financing vehicles, and administrators. The Content and Entertainment Business refers to ancillary market aggregation and distribution of entertainment content and, branded and over-the-top (OTT) digital network business providing entertainment channels and applications. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY.