Cumulus Media (NASDAQ:CMLS) Research Coverage Started at StockNews.com

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research note released on Thursday. The brokerage issued a hold rating on the stock.

Cumulus Media Stock Performance

CMLS stock opened at $0.14 on Thursday. The firm has a 50 day moving average of $0.34 and a two-hundred day moving average of $0.66. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $2.41 million, a price-to-earnings ratio of -0.02 and a beta of 1.51. Cumulus Media has a 12 month low of $0.10 and a 12 month high of $3.34.

Cumulus Media (NASDAQ:CMLS – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($1.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.59). Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%. The company had revenue of $187.35 million during the quarter, compared to the consensus estimate of $190.10 million. As a group, equities analysts anticipate that Cumulus Media will post -2.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Cumulus Media

An institutional investor recently raised its position in Cumulus Media stock. Zazove Associates LLC boosted its stake in shares of Cumulus Media Inc. (NASDAQ:CMLS – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,528,428 shares of the company’s stock after acquiring an additional 70,000 shares during the period. Zazove Associates LLC owned 9.00% of Cumulus Media worth $1,024,000 at the end of the most recent reporting period. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Cumulus Media Company Profile

(Get Free Report)

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.

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