Reservoir Media (NASDAQ:RSVR) Trading Down 2.4% – What’s Next?

Shares of Reservoir Media, Inc. (NASDAQ:RSVR) traded down 2.4% during mid-day trading on Monday . The company traded as low as $7.44 and last traded at $7.44. 127,463 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 62,562 shares. The stock had previously closed at $7.62.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RSVR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Reservoir Media in a research note on Tuesday, November 25th. Wall Street Zen cut shares of Reservoir Media from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded shares of Reservoir Media from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Reservoir Media Stock Down 2.4%

The firm has a 50-day moving average price of $7.54 and a two-hundred day moving average price of $7.63. The firm has a market cap of $487.99 million, a price-to-earnings ratio of 53.14, a price-to-earnings-growth ratio of 8.47 and a beta of 0.88. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.35 and a current ratio of 1.35.

Reservoir Media (NASDAQ:RSVR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $45.44 million during the quarter, compared to analyst estimates of $43.14 million. Reservoir Media had a net margin of 5.78% and a return on equity of 2.62%. Reservoir Media has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Reservoir Media, Inc. will post 0.11 earnings per share for the current year.

Insider Activity

In related news, Director Adam Rothstein sold 65,281 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $7.80, for a total value of $509,191.80. Following the transaction, the director directly owned 77,546 shares of the company’s stock, valued at $604,858.80. This trade represents a 45.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 27.00% of the company’s stock.

Institutional Investors Weigh In On Reservoir Media

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Irenic Capital Management LP grew its holdings in shares of Reservoir Media by 3.2% during the third quarter. Irenic Capital Management LP now owns 5,669,671 shares of the company’s stock worth $46,151,000 after purchasing an additional 177,361 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Reservoir Media by 20.8% in the 3rd quarter. Bank of America Corp DE now owns 51,178 shares of the company’s stock valued at $417,000 after purchasing an additional 8,822 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Reservoir Media by 146.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,244 shares of the company’s stock valued at $140,000 after purchasing an additional 10,241 shares during the period. Russell Investments Group Ltd. grew its stake in Reservoir Media by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 480,859 shares of the company’s stock worth $3,914,000 after buying an additional 47,812 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Reservoir Media by 19.6% during the third quarter. Gabelli Funds LLC now owns 27,500 shares of the company’s stock worth $224,000 after buying an additional 4,500 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

Reservoir Media Company Profile

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.