Cumulus Media (NASDAQ:CMLS) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Cumulus Media Stock Performance

NASDAQ CMLS opened at $0.88 on Friday. Cumulus Media has a fifty-two week low of $0.63 and a fifty-two week high of $5.18. The firm has a market capitalization of $14.93 million, a P/E ratio of -0.10 and a beta of 1.32. The stock’s fifty day moving average is $0.76 and its two-hundred day moving average is $1.25. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89.

Cumulus Media (NASDAQ:CMLS) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). The business had revenue of $203.60 million during the quarter, compared to analyst estimates of $204.05 million. Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, research analysts anticipate that Cumulus Media will post -2.71 earnings per share for the current year.

Institutional Investors Weigh In On Cumulus Media

A hedge fund recently bought a new stake in Cumulus Media stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Cumulus Media Inc. (NASDAQ:CMLS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned 0.11% of Cumulus Media at the end of the most recent reporting period. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

Cumulus Media Company Profile

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.