Gray Media (NYSE:GTN) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Gray Media from “buy” to “hold.” Across analysts, the stock’s consensus rating is “hold,” with an average price target of $7.88.
• Gray Media’s third-quarter revenue rose 29.8% year over year to $972 million, beating estimates, but EPS of $0.66 fell short of forecasts and the company reported a negative net margin.
• The company forecast full-year 2026 revenue of $3.7 billion, above the $3.6 billion consensus estimate, and authorized a quarterly dividend of $0.08 per share.

Gray Media (NYSE:GTN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on GTN. Zacks Research cut Gray Media from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 28th. Weiss Ratings lowered shares of Gray Media from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.88.

Gray Media Stock Up 0.3%

NYSE GTN opened at $4.89 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. Gray Media has a one year low of $3.55 and a one year high of $6.43. The firm has a market cap of $504.09 million, a PE ratio of -8.02, a price-to-earnings-growth ratio of 0.09 and a beta of 1.01. The stock's 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.59.

Gray Media (NYSE:GTN - Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). The firm had revenue of $972.00 million for the quarter, compared to analyst estimates of $955.75 million. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The company's revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business earned ($0.24) EPS. As a group, sell-side analysts forecast that Gray Media will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gray Media

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management increased its holdings in shares of Gray Media by 21.9% in the 3rd quarter. Ritholtz Wealth Management now owns 12,273 shares of the company's stock valued at $55,000 after acquiring an additional 2,201 shares during the period. Cetera Investment Advisers grew its position in shares of Gray Media by 3.7% in the first quarter. Cetera Investment Advisers now owns 69,392 shares of the company's stock valued at $301,000 after purchasing an additional 2,477 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Gray Media by 57.1% in the 1st quarter. Parallel Advisors LLC now owns 7,901 shares of the company's stock worth $34,000 after acquiring an additional 2,873 shares in the last quarter. Royal Bank of Canada increased its position in shares of Gray Media by 60.5% during the first quarter. Royal Bank of Canada now owns 16,573 shares of the company's stock worth $71,000 after acquiring an additional 6,247 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Gray Media in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Trending Headlines about Gray Media

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Full-year 2026 revenue guidance is $3.7 billion, above the $3.6 billion consensus estimate. Fourth-quarter revenue guidance of $1.1 billion is in line with expectations. Gray Media Announces Third Quarter Financial Results
• Positive Sentiment: Third-quarter revenue was $972 million, topping analysts’ $955.75 million estimate and rising 29.8% year over year. Gray Media third-quarter earnings report
• Positive Sentiment: Gray Media authorized a quarterly cash dividend of $0.08 per share, payable December 31 to shareholders of record on December 15. Gray announces quarterly cash dividend
• Negative Sentiment: Third-quarter EPS was $0.66, below analysts’ estimates of roughly $0.84–$0.86. The earnings shortfall may weigh on sentiment despite the revenue beat; the company also reported a negative net margin. Gray Media misses Q3 earnings estimates

About Gray Media

Gray Media, formerly known as Gray Television, is a multimedia company that owns and operates local television stations and related digital media properties in markets across the United States. Its stations provide local news, weather, sports, public affairs and entertainment programming, while also distributing content through websites, mobile platforms and other digital channels.

The company's broadcast portfolio includes affiliates of major networks such as ABC, CBS, NBC, FOX and The CW, as well as independent and specialty stations.

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