Reservoir Media is inexpensive (forward P/E 12.6x, PEG 0.20) with 15.5% distance to the analyst target, but heavy music-publishing concentration, deeply negative free cash flow and an uneven earnings record limit conviction.
Thesis pillars
- Attractive Valuation Peg→Stable
- Music Publishing Concentration↑Improving
- Negative Fcf Strong Piotroski→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed May 28, 2026
Reservoir Media, Inc.. (RSVR) Stock Analysis
Breakout setup · Inst Constrain edge
Communication Services · Entertainment
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $9.56 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Product: Music Publishing (66.0%); Concentration risk — Counterparty: digital music services.
Reservoir Media is an independent music company operating two segments - Music Publishing (compositions from artists like Joni Mitchell, Miles Davis, and Snoop Dogg) and Recorded Music (labels including Chrysalis Records and Tommy Boy) - plus artist management services. For the... Read more
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $9.56 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Product: Music Publishing (66.0%); Concentration risk — Counterparty: digital music services. Chart setup: Golden cross, above all MAs, RSI 59, MACD bullish. Score 5.1/10, high confidence.
Passes 4/7 gates (favorable risk/reward ratio, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and earnings proximity 5d<=7d. Suitability: aggressive.
About Reservoir Media, Inc..
About Reservoir Media, Inc..
Reservoir Media's Music Publishing segment generated approximately $117 million, or 66% of revenue, for the year ended March 31, 2026, while its Recorded Music segment - anchored by Chrysalis Records and Tommy Boy - contributed roughly $52 million, or 29%. The company has deployed more than $600 million in catalog acquisitions and other capital commitments over the past five years, building a publishing and recording rights library that spans compositions dating to the early 1900s alongside contemporary artists such as Snoop Dogg and Sheryl Crow.
Reservoir earns royalties across four main income types - digital, performance, synchronization, and mechanical - collected through performing rights organizations such as ASCAP and BMI, mechanical-licensing bodies like The Mechanical Licensing Collective, and direct licensing deals with platforms including TikTok, Meta, and Snap. Recorded Music revenue flows through a distribution network including Proper, Alliance, and MERLIN, with digital partners spanning Amazon, Apple, Spotify, and YouTube alongside physical retail and wholesale channels. The company has expanded beyond its core North American and U.K. base into the Middle East and North Africa through PopArabia, acquired in January 2020, and into India through PopIndia, launched in 2025, positioning itself in markets IFPI and Goldman Sachs project will drive a growing share of future streaming subscriber growth.
Show full overview
Reservoir disclosed in March and May 2026 that its board formed a special committee, advised by Morgan Stanley and Wachtell Lipton, to evaluate two competing unsolicited take-private proposals - one from shareholder Irenic Capital Management at $10.00 to $11.00 per share, another from Wesbild and Richmond Hill Investment at $10.50 per share - with no assurance either results in a definitive agreement. Separately, the company's own risk factors acknowledge dependence on a small number of digital music services that control much of the legitimate digital distribution market, giving those platforms outsized influence over the pricing Reservoir can command for its catalog.
See also: Communication Services · Entertainment
From Reservoir Media, Inc..'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — Reservoir Media, Inc..
Latest news
- NEWS RSVR|Reservoir Media Inc|Price:11.100|Chg%:+0.360 - TradingKey — TradingKey neutral
- NEWS Reservoir Media (RSVR) Projected to Post Earnings on Tuesday - MarketBeat — MarketBeat neutral
- NEWS B. Riley Securities Maintains Reservoir Media(RSVR.US) With Hold Rating, Maintains Target Price $11 - 富途牛牛 — 富途牛牛 neutral
- NEWS Reservoir Media on Pace for Largest Percent Decrease Since October 2025 -- Data Talk - Moomoo — Moomoo negative
- NEWS Reservoir Media on Pace for Largest Percent Decrease Since October 2025 -- Data Talk - moomoo.com — moomoo.com negative
Generated 2026-10-29T11:14:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductMusic Publishing66%10-K Item 1: 'Our Music Publishing business contributed approximately $117 million to our revenues for the year ended March 31, 2026, representing approximately 66% of our revenues.'
- HIGHcounterpartydigital music services10-K Item 1A: 'We are substantially dependent on a limited number of digital music services for the online distribution and marketing of our music'
Material Events(8-K, last 90d)
- 2026-06-09Item 5.02MEDIUMDirector Stephen M. Cook notified the Board on June 5, 2026 that he will not stand for re-election at the 2026 Annual Meeting, continuing to serve as director, NCG Committee Chair, and Compensation Committee member until his term expires. No disagreement with the Company cited.SEC filing →
- 2026-06-09Item 8.01LOWBoard approved a slate of director nominees for the 2026 Annual Meeting on June 8, 2026, including all current Class II directors except Cook, plus new nominee Todd C. Harvey.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.9/10 is below the 5.0 floor at $9.56 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Product: Music Publishing (66.0%); Concentration risk — Counterparty: digital music services. Chart setup: Golden cross, above all MAs, RSI 59, MACD bullish. Prior stop was $9.28. Score 5.1/10, high confidence.
Analyst target: $11.05 (+15.6% upside). Prior stop was $9.28. Stop-loss: $9.28.
Concentration risk — Product: Music Publishing (66.0%); Concentration risk — Counterparty: digital music services; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2).
Reservoir Media, Inc.. trades at a P/E of 73.5 (forward 12.6). TrendMatrix value score: 7.2/10. Verdict: Sell.
8 analysts cover RSVR with a consensus score of 4.0/5. Average price target: $13.
What does Reservoir Media, Inc.. do?Reservoir Media is an independent music company operating two segments - Music Publishing (compositions from artists...
Reservoir Media is an independent music company operating two segments - Music Publishing (compositions from artists like Joni Mitchell, Miles Davis, and Snoop Dogg) and Recorded Music (labels including Chrysalis Records and Tommy Boy) - plus artist management services. For the year ended March 31, 2026, Music Publishing generated about $117 million (66% of revenue) and Recorded Music about $52 million (29% of revenue), and the company is currently evaluating competing unsolicited buyout proposals from two shareholder groups at $10.00-$11.00 and $10.50 per share.