Cumulus Media (NASDAQ:CMLS) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report issued on Saturday. The firm set a “hold” rating on the stock.

Cumulus Media Stock Up 4.6 %

Shares of Cumulus Media stock opened at $0.91 on Friday. Cumulus Media has a 52-week low of $0.63 and a 52-week high of $4.84. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89. The business’s 50 day simple moving average is $0.78 and its 200 day simple moving average is $1.20. The firm has a market cap of $15.46 million, a PE ratio of -0.10 and a beta of 1.32.

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

Hedge Funds 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 Cumulus Media Inc. (NASDAQ:CMLS) in the 3rd quarter, according to its most recent 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 about 0.11% of Cumulus Media as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 48.68% of the company’s stock.

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.