Cinedigm (CIDM) Receives a Buy from Benchmark Co.

Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on Cinedigm (CIDMResearch Report) yesterday and set a price target of $5.00. The company’s shares closed last Monday at $1.08.

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 10.8% and a 52.7% success rate. Kurnos covers the Technology sector, focusing on stocks such as Zillow Group Class A, Porch Group, and CarGurus.

Currently, the analyst consensus on Cinedigm is a Moderate Buy with an average price target of $5.00.

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The company has a one-year high of $2.95 and a one-year low of $0.59. Currently, Cinedigm has an average volume of 5.12M.

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Cinedigm Corp. engages in the marketing and distribution of movie, television, and other short form content managing a library of distribution rights. It operates through the segments; Cinema Equipment Business, and Content and Entertainment Business (CEG). The Cinema Equipment Business segment consists of the non-recourse, financing vehicles, and administrators. The Content and Entertainment Business refers to ancillary market aggregation and distribution of entertainment content and, branded and over-the-top (OTT) digital network business providing entertainment channels and applications. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY.

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