Corsair Capital Management L.P. Acquires 286,507 Shares of Cineverse Corp. (NASDAQ:CNVS)

Corsair Capital Management L.P. increased its stake in shares of Cineverse Corp. (NASDAQ:CNVS) by 86.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,159 shares of the company’s stock after buying an additional 286,507 shares during the period. Corsair Capital Management L.P. owned 3.93% of Cineverse worth $604,000 at the end of the most recent quarter.

Cineverse Stock Up 1.1 %

Shares of NASDAQ CNVS opened at $3.80 on Wednesday. Cineverse Corp. has a 1 year low of $0.71 and a 1 year high of $4.19. The firm’s 50-day moving average is $2.11 and its 200-day moving average is $1.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CNVS shares. Alliance Global Partners upped their target price on shares of Cineverse from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Benchmark lifted their target price on Cineverse from $9.00 to $10.00 and gave the company a “speculative buy” rating in a research note on Friday, November 15th.

Cineverse Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.