Anson Funds Management LP recently announced the acquisition of new stake in Genius Brands International Inc. (NASDAQ:GNUS). The institutional investor has increased its shareholding in the Communication Services company by 678.44% to 17.86 million shares with purchase of 15.56 million shares. This fresh investment now brings its stake to 8.21% valued currently at $26.07 million. In addition, Heights Capital Management, Inc. raised its holdings by 5.95 million to 5.95 million shares.
With over 8.53 million Genius Brands International Inc. (GNUS) shares trading Monday and a closing price of $1.55 on the day, the dollar volume was approximately $13.22 million. The shares have shown a negative weekly performance of -5.49% and its price on 08/17/20 lost nearly -3.13%. Currently, there are 217.65M common shares owned by the public and among those 40.84M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for GNUS have a consensus price objective of $4.50. The analysts have set the share’s price value over the next 12 months at a high of $4.50 and a low of $4.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Genius Brands International Inc. stock is 2.00 for the next 12 months. But an upside of 65.56% will see the stock hit the forecast high price target while mean target price for the stock is $4.50.
Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 13,116,429 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 908,603 shares.
The top 3 mutual fund holders in Genius Brands International Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and BlackRock Advantage Small Cap Cor. Vanguard Extended Market Index Fu owns 0.64 million shares of the company’s stock, all valued at over $0.93 million. The company bought an additional 0.46 million shares recently to bring their total holdings to about 0.29% of the shares outstanding. Fidelity Extended Market Index Fu bought 0.11 million shares to see its total holdings expand to 0.22 million shares valued at over $0.32 million and representing 0.10% of the shares outstanding. BlackRock Advantage Small Cap Cor bought 0.15 million shares to bring its total holdings to over 0.15 million shares at a value of $0.22 million. BlackRock Advantage Small Cap Cor now owns shares totaling to 0.07% of the shares outstanding.
Shares of Genius Brands International Inc. (NASDAQ: GNUS) opened at $1.572, down -$0.03 from a prior closing price of $1.60. However, the script later closed the day at $1.55, down -3.13%. The company’s stock has a 5-day price change of -5.49% and 12.32% over the past three months. GNUS shares are trading 468.39% year to date (YTD), with the 12-month market performance up to 121.43% higher. It has a 12-month low price of $0.05 and touched a high of $11.73 over the same period. Currently, 8.53 million shares have been traded, compared to an average intraday trading volume of 60.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.96%, -38.29%, and 46.82% respectively.
Institutional ownership of Genius Brands International Inc. (NASDAQ: GNUS) shares accounts for 14.40% of the company’s 217.65M shares outstanding. Mutual fund holders own 13.89%, while other institutional holders and individual stakeholders account for 6.47% and 0.49% respectively.
It has a market capitalization of $335.28M and a beta (3y monthly) value of 2.14. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.60% over the week and 8.73% over the month.
Analysts forecast that Genius Brands International Inc. (GNUS) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Genius Brands International Inc. (GNUS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”