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

StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

Cumulus Media Price Performance

NASDAQ:CMLS opened at $0.88 on Friday. The stock has a market cap of $14.90 million, a P/E ratio of -0.10 and a beta of 1.32. Cumulus Media has a one year low of $0.63 and a one year high of $5.12. The company has a fifty day moving average price of $0.77 and a 200 day moving average price of $1.24. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89.

Cumulus Media (NASDAQ:CMLS) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.61) earnings per share (EPS) 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 analyst estimates of $204.05 million. During the same quarter in the prior year, the company posted $0.16 EPS. Analysts anticipate that Cumulus Media will post -2.71 earnings per share for the current year.

Hedge Funds Weigh In On Cumulus Media

An institutional investor recently bought a new position in Cumulus Media stock. Y Intercept Hong Kong Ltd acquired a new stake in Cumulus Media Inc. (NASDAQ:CMLS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Cumulus Media as of its most recent filing with the SEC. 48.68% of the stock is currently owned by 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.