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 note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.

Cumulus Media Stock Down 20.6 %

CMLS stock opened at $0.15 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The company’s 50-day moving average price is $0.40 and its 200 day moving average price is $0.70. Cumulus Media has a 52 week low of $0.11 and a 52 week high of $3.34. The company has a market cap of $2.58 million, a P/E ratio of -0.02 and a beta of 1.17.

Cumulus Media (NASDAQ:CMLS) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($1.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.29) by ($0.59). The firm had revenue of $187.35 million for the quarter, compared to analyst estimates of $190.10 million. Cumulus Media had a negative return on equity of 30.27% and a negative net margin of 18.11%. On average, research analysts expect that Cumulus Media will post -2.71 earnings per share for the current fiscal year.

Institutional Trading of Cumulus Media

An institutional investor recently raised its position in Cumulus Media stock. Zazove Associates LLC grew its stake in shares of Cumulus Media Inc. (NASDAQ:CMLS) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,528,428 shares of the company’s stock after buying 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. Hedge funds and other 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.