MediaCo (NASDAQ:MDIA) Shares Up 1% – Should You Buy?

MediaCo Holding Inc. (NASDAQ:MDIA) traded up 1% on Tuesday . The stock traded as high as $1.0450 and last traded at $1.02. 9,267 shares changed hands during trading, a decline of 89% from the average daily volume of 86,665 shares. The stock had previously closed at $1.01.

Analysts Set New Price Targets

Separately, Weiss Ratings raised MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

MediaCo Price Performance

The company has a 50-day moving average of $0.89 and a two-hundred day moving average of $0.77. The company has a market capitalization of $83.36 million, a PE ratio of -1.21 and a beta of 0.05.

MediaCo (NASDAQ:MDIA) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.11) EPS for the quarter. The business had revenue of $31.39 million during the quarter.

Institutional Investors Weigh In On MediaCo

An institutional investor recently bought a new stake in MediaCo stock. Citadel Advisors LLC bought a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo at the end of the most recent quarter. Institutional investors and hedge funds own 64.01% of the company’s stock.

About MediaCo

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.