Maxim Group Initiates Coverage with Buy Rating, Sets Price Target at $10

Maxim Group Initiates Coverage with Buy Rating, Sets Price Target at $10

Equities research analysts at Maxim Group have initiated coverage on shares of Alliance Entertainment (NASDAQ:AENT - Get Free Report) with a "buy" rating and a $10.00 price target. This move points to a potential upside of 165.25% from the company's previous close [3].

The research report, issued to clients and investors on Tuesday, reflects Maxim Group's confidence in Alliance Entertainment's growth potential and market positioning. Separately, Wall Street Zen upgraded the stock from a "buy" rating to a "strong-buy" rating on Thursday, May 22nd [3].

Alliance Entertainment's stock opened at $3.77 on Tuesday, with a fifty-two week low of $1.10 and a fifty-two week high of $11.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.30, and a quick ratio of 0.70. Its market capitalization stands at $192.12 million, with a price-to-earnings ratio of 15.71 and a beta of 0.30. The business's fifty day moving average price is $3.01 and its two-hundred day moving average price is $4.36 [3].

Alliance Entertainment reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $213.05 million for the quarter, compared to analyst estimates of $210.65 million. It had a net margin of 1.10% and a return on equity of 15.59% [3].

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clarity Capital Partners LLC raised its position in shares of Alliance Entertainment by 43,251.1% in the first quarter, now owning 23,463,801 shares valued at $78,604,000. Bridgeway Capital Management LLC bought a new position in the fourth quarter valued at approximately $864,000. Empowered Funds LLC increased its stake by 9.2% in the first quarter, now owning 90,880 shares valued at $304,000. Marshall Wace LLP acquired a new position in the fourth quarter valued at approximately $440,000. Finally, OMERS ADMINISTRATION Corp lifted its stake by 179.0% in the first quarter, now owning 27,900 shares valued at $93,000 [3].

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 [3].

References:
[1] https://www.marketbeat.com/instant-alerts/alliance-entertainment-nasdaqaent-coverage-initiated-by-analysts-at-maxim-group-2025-07-01/
[2] https://www.gurufocus.com/news/2952682/laird-superfood-lsf-coverage-initiated-with-buy-rating-by-maxim-group-lsf-stock-news
[3] https://www.marketbeat.com/instant-alerts/fossil-group-nasdaqfosl-coverage-initiated-at-maxim-group-2025-07-01/