Cumulus Media (NASDAQ:CMLS) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Cumulus Media Stock Down 0.3 %

Shares of CMLS opened at $0.88 on Friday. The firm has a 50 day simple moving average of $0.77 and a two-hundred day simple moving average of $1.23. The company has a market cap of $14.89 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 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 for the quarter, missing the consensus estimate of ($0.54) by ($0.07). Cumulus Media had a negative return on equity of 30.27% and a negative net margin of 18.11%. The business had revenue of $203.60 million for the quarter, compared to the consensus estimate of $204.05 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. Research analysts forecast that Cumulus Media will post -2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Cumulus Media

An institutional investor recently bought a new position in Cumulus Media stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Cumulus Media Inc. (NASDAQ:CMLS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,500 shares of the company’s stock, valued at approximately $191,000. Garden State Investment Advisory Services LLC owned approximately 0.86% of Cumulus Media as of its most recent filing with the Securities and Exchange Commission (SEC). 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.