Genius Brands International Inc (OTCMKTS:GNUS) Cut to Hold at Zacks Investment Research

Genius Brands International Inc (OTCMKTS:GNUS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, October 17th.

According to Zacks, “Genius Brands International, Inc. is a multimedia content and brand management company. It provides entertaining and enriching content and products for toddlers to Tweens. The Company’s portfolio includes Baby Genius, Secret Lab, Kid Genius, Mighty 7, Stan Lee Comics and Secret Millionaires Club, Llama Llama and a tween adventure series, Space Pop. Genius Brands International, Inc. is headquartered in Beverly Hills, USA. “

Several other equities analysts also recently weighed in on GNUS. ValuEngine downgraded Genius Brands International from a “sell” rating to a “strong sell” rating in a research report on Monday, September 11th. Westpark Capital reiterated an “outperform” rating and set a $7.00 target price on shares of Genius Brands International in a research report on Thursday, September 7th.

Genius Brands International (OTCMKTS:GNUS) traded up $0.06 during midday trading on Tuesday, hitting $3.48. 60,180 shares of the company traded hands, compared to its average volume of 74,266. Genius Brands International has a twelve month low of $2.74 and a twelve month high of $8.00.

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In related news, CEO Andy Heyward bought 8,897 shares of the stock in a transaction dated Thursday, October 19th. The stock was acquired at an average price of $3.44 per share, for a total transaction of $30,605.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew A. Heyward acquired 7,500 shares of the stock in a transaction on Monday, October 9th. The shares were acquired at an average price of $3.39 per share, with a total value of $25,425.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 106,097 shares of company stock valued at $374,278.

A hedge fund recently raised its stake in Genius Brands International stock. Bard Associates Inc. raised its holdings in shares of Genius Brands International Inc (OTCMKTS:GNUS) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 634,603 shares of the company’s stock after purchasing an additional 6,550 shares during the quarter. Genius Brands International accounts for 1.0% of Bard Associates Inc.’s portfolio, making the stock its 29th largest position. Bard Associates Inc.’s holdings in Genius Brands International were worth $2,170,000 as of its most recent SEC filing.

About Genius Brands International

Genius Brands International, Inc is a content and brand management company. The Company provides entertaining and enriching content and products with a purpose for toddlers to tweens. The Company produces original content and licenses the rights to that content to a range of partners. Its licensees include companies to which the audio-visual rights are licensed for exhibition in various formats, such as Pay Television, Free or Broadcast Television, video-on-demand (VOD), subscription on demand (SVOD) and digital video discs/compact discs (DVDs/CDs), and companies that develop and distribute products based on its content within different product categories, such as toys, electronics, publishing, home goods, stationary and gifts.

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