Reservoir Media (NASDAQ:RSVR) Releases Quarterly Earnings Results

Reservoir Media (NASDAQ:RSVR) posted its quarterly earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, Zacks reports. Reservoir Media had a net margin of 0.44% and a return on equity of 1.14%. The company had revenue of $34.32 million for the quarter, compared to analysts’ expectations of $34.42 million. Reservoir Media updated its FY 2025 guidance to EPS.

Reservoir Media Stock Down 4.8 %

NASDAQ:RSVR traded down $0.38 during trading hours on Thursday, reaching $7.58. The company’s stock had a trading volume of 38,095 shares, compared to its average volume of 67,706. The company has a market cap of $493.00 million, a price-to-earnings ratio of -758,000.00, a price-to-earnings-growth ratio of 10.39 and a beta of 0.90. Reservoir Media has a one year low of $5.19 and a one year high of $9.20. The business’s 50-day moving average is $7.67 and its 200-day moving average is $7.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.17 and a quick ratio of 1.07.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective on shares of Reservoir Media from $11.00 to $11.50 and gave the stock a “buy” rating in a report on Friday, May 31st.

Insider Buying and Selling

In other news, Director Adam Rothstein purchased 4,016 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $7.01 per share, for a total transaction of $28,152.16. Following the completion of the acquisition, the director now directly owns 272,256 shares of the company’s stock, valued at $1,908,514.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Adam Rothstein purchased 4,016 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $7.01 per share, for a total transaction of $28,152.16. Following the completion of the acquisition, the director now directly owns 272,256 shares of the company’s stock, valued at $1,908,514.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Hassan Khosrowshahi acquired 300,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $8.00 per share, with a total value of $2,400,000.00. Following the transaction, the insider now directly owns 28,526,573 shares of the company’s stock, valued at approximately $228,212,584. The disclosure for this purchase can be found here. 27.00% of the stock is currently owned by corporate insiders.

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.