Reservoir Media, Inc. (RSVR)

Market Cap	615.05M
Revenue (ttm)	149.61M
Net Income (ttm)	-329,426
Shares Out	65.22M
EPS (ttm)	-0.01
PE Ratio	n/a
Forward PE	71.60
Dividend	n/a
Ex-Dividend Date	n/a

Volume	39,216
Open	9.07
Previous Close	8.99
Day's Range	8.93 - 9.44
52-Week Range	5.76 - 9.44
Beta	0.89
Analysts	Strong Buy
Price Target	12.50 (+32.56%)
Earnings Date	Oct 30, 2024

About RSVR

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. Reservoir Media, Inc. was founded in 2007 and is headquartered in New York, New York.

• Industry: Entertainment
• Sector: Communication Services
• Founded: 2007
• Employees: 99
• Stock Exchange: NASDAQ
• Ticker Symbol: RSVR
• Website: https://www.reservoir-media.com

Financial Performance

In 2023, Reservoir Media's revenue was $144.86 million, an increase of 18.46% compared to the previous year's $122.29 million. Earnings were $644,937, a decrease of -74.60%.

Analyst Forecast

According to one analyst, the rating for RSVR stock is "Strong Buy" and the 12-month stock price forecast is $12.5.

Price Target

$12.5

(32.56% upside)

Analyst Consensus: Strong Buy