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Cinedigm Corp (NASDAQ:CIDM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday. They currently have a $2.00 price objective on the stock. Zacks‘s target price would suggest a potential downside of 3.85% from the company’s current price.

Shares of Cinedigm Corp (NASDAQ:CIDM) traded down 5.29% during mid-day trading on Tuesday, hitting $1.97. 395,281 shares of the company’s stock traded hands. Cinedigm Corp has a 1-year low of $1.42 and a 1-year high of $3.25. The stock has a 50-day moving average of $2.29 and a 200-day moving average of $2.57. The company’s market cap is $153.4 million.

Cinedigm Corp (NASDAQ:CIDM) last released its earnings data on Wednesday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.10. The company had revenue of $22.90 million for the quarter, compared to the consensus estimate of $30.16 million. On average, analysts predict that Cinedigm Corp will post $-0.27 earnings per share for the current fiscal year.

A number of other firms have also recently commented on CIDM. Analysts at B. Riley reiterated a “buy” rating on shares of Cinedigm Corp in a research note on Thursday, August 14th. They now have a $3.00 price target on the stock, down previously from $3.25.

Cinedigm Corp., formerly Cinedigm Digital Cinema Corp. (NASDAQ:CIDM) is a digital cinema services, software and content marketing and distribution company supporting and capitalizing on the conversion of the exhibition industry from film to digital technology.

To view Zacks’ full report, visit Zacks’ official website.

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