Reservoir Media (NASDAQ:RSVR) Earns “Hold (C-)” Rating from Weiss Ratings

Reservoir Media (NASDAQ:RSVR)‘s stock had its “hold (c-)” rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Reservoir Media from a “sell” rating to a “hold” rating in a report on Monday, June 23rd. Zacks Research upgraded shares of Reservoir Media from a “strong sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Reservoir Media currently has an average rating of “Hold” and a consensus price target of $11.50.

Reservoir Media Stock Up 0.4%

Shares of NASDAQ:RSVR opened at $7.73 on Wednesday. The company has a fifty day moving average of $7.81 and a 200-day moving average of $7.58. The company has a market capitalization of $506.77 million, a PE ratio of 70.28, a price-to-earnings-growth ratio of 6.70 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.29 and a current ratio of 1.29. Reservoir Media has a 52-week low of $6.56 and a 52-week high of $9.83.

Reservoir Media (NASDAQ:RSVR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $37.16 billion during the quarter, compared to the consensus estimate of $36.88 million. Reservoir Media had a net margin of 4.67% and a return on equity of 2.07%. Reservoir Media has set its FY 2026 guidance at EPS. On average, equities analysts predict that Reservoir Media will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Adam Rothstein sold 65,281 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $7.80, for a total value of $509,191.80. Following the completion of the sale, the director directly owned 77,546 shares in the company, valued at $604,858.80. This represents a 45.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 222,988 shares of company stock valued at $1,715,523 in the last three months. Corporate insiders own 27.00% of the company’s stock.

Institutional Trading of Reservoir Media

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in Reservoir Media by 373.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,504 shares of the company’s stock valued at $58,000 after acquiring an additional 5,918 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Reservoir Media by 101.1% during the second quarter. BNP Paribas Financial Markets now owns 7,003 shares of the company’s stock valued at $54,000 after acquiring an additional 3,521 shares during the last quarter. Bank of America Corp DE boosted its position in Reservoir Media by 31.4% during the second quarter. Bank of America Corp DE now owns 42,356 shares of the company’s stock valued at $325,000 after acquiring an additional 10,120 shares during the last quarter. AWM Investment Company Inc. boosted its position in Reservoir Media by 6.3% during the second quarter. AWM Investment Company Inc. now owns 847,558 shares of the company’s stock valued at $6,501,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Reservoir Media by 59.0% during the second quarter. Hsbc Holdings PLC now owns 54,205 shares of the company’s stock valued at $409,000 after acquiring an additional 20,116 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

About Reservoir Media

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.