Alliance Entertainment (NASDAQ:AENT) Earns Buy Rating from Analysts at Maxim Group

Maxim Group started coverage on shares of Alliance Entertainment (NASDAQ:AENT) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

Separately, Wall Street Zen upgraded shares of Alliance Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 22nd.

Alliance Entertainment Stock Up 9.8%

Alliance Entertainment stock opened at $4.14 on Tuesday. The stock has a market cap of $210.97 million, a price-to-earnings ratio of 17.25 and a beta of 0.41. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $3.03 and its two-hundred day moving average price is $4.36. Alliance Entertainment has a 52 week low of $1.10 and a 52 week high of $11.57.

Alliance Entertainment (NASDAQ:AENT) last released its earnings results on Thursday, May 15th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $213.05 million for the quarter, compared to analysts’ expectations of $210.65 million. Alliance Entertainment had a net margin of 1.10% and a return on equity of 15.59%.

Hedge Funds Weigh In On Alliance Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of AENT. OMERS ADMINISTRATION Corp bought a new position in Alliance Entertainment during the fourth quarter worth $91,000. Renaissance Technologies LLC bought a new stake in Alliance Entertainment in the 4th quarter valued at $92,000. LPL Financial LLC bought a new stake in Alliance Entertainment in the 4th quarter valued at $130,000. Empowered Funds LLC increased its holdings in Alliance Entertainment by 9.2% in the 1st quarter. Empowered Funds LLC now owns 90,880 shares of the company’s stock valued at $304,000 after buying an additional 7,683 shares during the period. Finally, Marshall Wace LLP bought a new stake in Alliance Entertainment in the 4th quarter valued at $440,000. Institutional investors own 0.27% of the company’s stock.

About Alliance Entertainment

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.