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

Corsair Capital Management L.P. grew its stake in shares of Cineverse Corp. (NASDAQ:CNVS) by 86.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 617,159 shares of the company’s stock after acquiring an additional 286,507 shares during the quarter. Corsair Capital Management L.P.’s holdings in Cineverse were worth $604,000 at the end of the most recent quarter.

Cineverse Price Performance

Shares of NASDAQ:CNVS opened at $3.80 on Wednesday. The company’s 50-day moving average price is $2.11 and its two-hundred day moving average price is $1.30. Cineverse Corp. has a one year low of $0.71 and a one year high of $4.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CNVS. Alliance Global Partners increased their price target on shares of Cineverse from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Benchmark raised their price objective on shares of Cineverse from $9.00 to $10.00 and gave the stock a “speculative buy” rating in a report on Friday, November 15th.

About Cineverse

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.