Northland Securities Sticks to Its Buy Rating for Chicken Soup For The Soul Entertainment (CSSE)

By Carrie Williams

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Chicken Soup For The Soul Entertainment (CSSEResearch Report), with a price target of $13.00. The company’s shares closed last Monday at $8.65.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 10.3% and a 52.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Health Insurance Innovations, and Piper Jaffray Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chicken Soup For The Soul Entertainment with a $18.00 average price target.

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Based on Chicken Soup For The Soul Entertainment’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.12 million. In comparison, last year the company had a net profit of $324.9K.

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Chicken Soup for the Soul Entertainment, Inc. is an emerging growth company, which engages in the production and distribution of video content. The firm distributes and exhibits video on-demand content directly to consumers across all digital platforms, such as smartphones, tablets, gaming consoles.