Reservoir Media, Inc. (RSVR)

Market Cap	391.46M
Revenue (ttm)	134.98M
Net Income (ttm)	-1.26M
Shares Out	64.81M
EPS (ttm)	-0.02
PE Ratio	n/a
Forward PE	133.92
Dividend	n/a
Ex-Dividend Date	n/a

Volume	93,442
Open	6.08
Previous Close	6.00
Day's Range	5.89 - 6.11
52-Week Range	5.19 - 7.77
Beta	1.00
Analysts	Strong Buy
Price Target	12.00 (+102.7%)
Earnings Date	Nov 7, 2023

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. The company was founded in 2007 and is headquartered in New York, New York.

• Industry: Entertainment
• Sector: Communication Services
• Founded: 2007
• Employees: 92
• Stock Exchange: NASDAQ
• Ticker Symbol: RSVR

Financial Performance

In 2022, RSVR's revenue was $122.29 million, an increase of 13.40% compared to the previous year's $107.84 million. Earnings were $2.54 million, a decrease of -80.58%.

Analyst Forecast

According to 2 analysts, the average rating for RSVR stock is "Strong Buy." The 12-month stock price forecast is $12.0, which is an increase of 102.70% from the latest price.

Price Target

$12.0

(102.70% upside)

Analyst Consensus: Strong Buy