StockNews.com Begins Coverage on Cumulus Media (NASDAQ:CMLS)

StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report published on Thursday. The firm issued a hold rating on the stock.

Cumulus Media Price Performance

CMLS opened at $0.87 on Thursday. 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 has a market cap of $14.78 million, a price-to-earnings ratio of -0.10 and a beta of 1.32. The stock has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $1.28. Cumulus Media has a 12-month low of $0.63 and a 12-month high of $5.18.

Cumulus Media (NASDAQ:CMLS) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.61) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $204.05 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. Research analysts predict that Cumulus Media will post -2.71 earnings per share for the current fiscal year.

Institutional Trading of Cumulus Media

A hedge fund recently bought a new stake in Cumulus Media stock. Garden State Investment Advisory Services LLC bought a new position in Cumulus Media Inc. (NASDAQ:CMLS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter. 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.