Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

Posted by Doug Wharley on Oct 12th, 2024

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a report issued on Wednesday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Price Performance

Shares of BBGI stock opened at $12.72 on Wednesday. The firm has a market cap of $385.98 million, a price-to-earnings ratio of -5.32 and a beta of 0.99. Beasley Broadcast Group has a 1 year low of $8.45 and a 1 year high of $20.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last issued its earnings results on Monday, August 12th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The business had revenue of $60.44 million during the quarter, compared to the consensus estimate of $60.80 million. During the same quarter last year, the company earned ($0.08) EPS. Research analysts anticipate that Beasley Broadcast Group will post -1.2 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors and hedge funds own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

(Get Free Report)

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.