Anson Funds Management LP has recently announced that it has increased stake in Genius Brands International Inc. (NASDAQ:GNUS) by 678.44%. After grabbing 17.86 million shares, the institutional investor is now in possession of 15.56 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 8.21% having worth around $26.07 million. Moreover, Heights Capital Management, Inc. increased its share by 5.95 million to have a control over 5.95 million shares. And Empery Asset Management LP raised its holdings to 2.0 million shares by acquiring 2.0 million shares or 0.92% of the stake.
Genius Brands International Inc. (GNUS) concluded trading on 08/20/20 at a closing price of $1.20, with 25.27 million shares of worth about $30.32 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -24.05% during that period and on Thursday the price saw a loss of about -13.67%. Currently the company’s common shares owned by public are about 217.65M shares, out of which, 40.84M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the GNUS stock and their offered price forecasts bring an average price target of $4.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.50 and could fall to a lowest price of $4.50. Analysts also issued an outlook of 2.00 for the Genius Brands International Inc. stock for next 12 months. However, touching the estimated high of $4.50 would mean a gain of 73.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 13,116,429 shares in 8 of the transactions. In 3 selling transactions, insiders dumped 908,603 shares.
Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and BlackRock Advantage Small Cap Cor are the top 3 mutual funds which are holding stakes in Genius Brands International Inc. Vanguard Extended Market Index Fu is currently holding 0.64 million shares of worth totaling $0.93 million. The company recently came buying 0.46 million shares which brought its stake up to 0.29% of the company’s outstanding shares. Fidelity Extended Market Index Fu bought 0.11 million shares, after which its hold over company’s outstanding shares expand to 0.10%, leaving 0.22 million shares with the mutual fund that have a worth of about $0.32 million. BlackRock Advantage Small Cap Cor, after buying 0.15 million shares, have now control over 0.07% of the stake in the company. It holds 0.15 million shares of worth $0.22 million.
Genius Brands International Inc. (NASDAQ: GNUS) started trading at $1.32, below -$0.07 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.20, or with a loss of -13.67%. Stock saw a price change of -24.05% in past 5 days and over the past one month there was a price change of -37.82%. Year-to-date (YTD), GNUS shares are showing a performance of 340.04% which increased to 47.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.05 but also hit the highest price of $11.73 during that period. While comparing its average daily trading volume of 59.88 million shares, we see that about 25.27 million changed hands on the day. The stock is currently trading -26.22% below its 20-day simple moving average (SMA20), while that difference is down -47.80% for SMA50 and it goes to 12.36% higher than SMA200.
Anson Funds Management LP acquired 17.86 million shares of Genius Brands International Inc. having value of about $26.07 million. Data submitted at the U.S SEC by Anson Funds Management LP revealed that the firm now holds 15.56 million shares in the company valued at close to $18675807.6, or have control over 678.44% stake in the company. Genius Brands International Inc. (NASDAQ: GNUS) currently have 217.65M outstanding shares and institutions hold larger chunk of about 14.40% of that. Holding of mutual funds in the company is about 13.89% while other institutional holders and individual stake holders have control over 6.47% and 0.49% of the stake respectively.
The stock has a current market capitalization of $259.57M and its 3Y-monthly beta is at 2.14. It has posted earnings per share of -$0.99 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GNUS, volatility over the week remained 8.14% while standing at 8.95% over the month.
Analysts are in expectations that Genius Brands International Inc. (GNUS) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -16.80%.
Analysts at 1 brokerage firms have issued recommendations for the Genius Brands International Inc. (GNUS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.