Reservoir Media (NASDAQ:RSVR) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Reservoir Media (NASDAQ:RSVR) released its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02), Zacks reports. The business had revenue of $82.56 billion for the quarter, compared to analyst estimates of $43.14 million. Reservoir Media had a return on equity of 2.63% and a net margin of 5.78%. Reservoir Media updated its FY 2026 guidance to EPS.

Reservoir Media Trading Up 1.2%

Shares of RSVR stock opened at $7.50 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.05. The firm has a market cap of $491.70 million, a P/E ratio of 53.57, a price-to-earnings-growth ratio of 6.44 and a beta of 0.88. The business has a 50-day moving average price of $7.73 and a two-hundred day moving average price of $7.62. Reservoir Media has a 12-month low of $6.56 and a 12-month high of $9.83.

Insider Activity at Reservoir Media

In other news, Director Adam Rothstein sold 65,281 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $7.80, for a total value of $509,191.80. Following the transaction, the director owned 77,546 shares in the company, valued at approximately $604,858.80. This trade represents a 45.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 148,430 shares of company stock valued at $1,147,391 in the last quarter. 27.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RSVR. Geode Capital Management LLC boosted its holdings in Reservoir Media by 2.8% in the second quarter. Geode Capital Management LLC now owns 641,418 shares of the company’s stock worth $4,921,000 after acquiring an additional 17,384 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Reservoir Media by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 90,003 shares of the company’s stock valued at $687,000 after acquiring an additional 3,110 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Reservoir Media by 59.0% in the 2nd quarter. Hsbc Holdings PLC now owns 54,205 shares of the company’s stock worth $409,000 after acquiring an additional 20,116 shares during the last quarter. Jane Street Group LLC lifted its position in Reservoir Media by 56.7% in the 1st quarter. Jane Street Group LLC now owns 49,649 shares of the company’s stock valued at $379,000 after acquiring an additional 17,963 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Reservoir Media by 31.4% in the 2nd quarter. Bank of America Corp DE now owns 42,356 shares of the company’s stock worth $325,000 after purchasing an additional 10,120 shares in the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Reservoir Media from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings downgraded Reservoir Media from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.50.

About Reservoir Media

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.