Gray Media (NYSE:GTN) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Gray Media's stock price recently surpassed its **200-day moving average** of $4.56, indicating bullish momentum as it traded at $5.53.
• Analyst ratings show a mix of opinions, with Benchmark maintaining a **"buy" rating** and setting a target price of $9.00, while **Wall Street Zen** downgraded it to a "sell."
• The company announced a **quarterly dividend** of $0.08 per share, expected to yield **5.8%**, with the payout ratio currently at 21.19%.

Gray Media Inc. (NYSE:GTN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.56 and traded as high as $5.60. Gray Media shares last traded at $5.53, with a volume of 2,624,885 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen lowered Gray Media from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company boosted their price target on Gray Media from $4.50 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, August 11th. Guggenheim raised their price target on shares of Gray Media from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Barrington Research raised shares of Gray Media from a "market perform" rating to an "outperform" rating and set a $6.50 target price on the stock in a report on Monday, August 11th. Finally, Benchmark restated a "buy" rating and set a $9.00 price target (up from $7.00) on shares of Gray Media in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Gray Media currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.88.

Gray Media Stock Up 5.5%

The company has a market cap of $597.74 million, a PE ratio of 3.87 and a beta of 1.21. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56. The business has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $4.58.

Gray Media (NYSE:GTN - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The firm had revenue of $772.00 million during the quarter, compared to analysts' expectations of $765.16 million. During the same period in the prior year, the company posted $0.09 earnings per share. The company's revenue for the quarter was down 6.5% on a year-over-year basis. Gray Media has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Gray Media Inc. will post 3.32 earnings per share for the current year.

Gray Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, September 15th. Gray Media's dividend payout ratio (DPR) is 21.19%.

Insider Activity at Gray Media

In related news, Director Richard Lee Boger sold 20,000 shares of Gray Media stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total transaction of $116,400.00. Following the sale, the director owned 61,343 shares of the company's stock, valued at $357,016.26. The trade was a 24.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.22% of the company's stock.

Institutional Investors Weigh In On Gray Media

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Management Corp VA boosted its holdings in Gray Media by 19.2% during the first quarter. Capital Management Corp VA now owns 6,867,026 shares of the company's stock worth $29,666,000 after buying an additional 1,103,690 shares during the last quarter. Penn Capital Management Company LLC lifted its position in Gray Media by 16.2% in the 1st quarter. Penn Capital Management Company LLC now owns 2,017,748 shares of the company's stock valued at $8,740,000 after acquiring an additional 281,566 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Gray Media by 60.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company's stock worth $8,453,000 after acquiring an additional 734,085 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Gray Media by 10.8% in the second quarter. New York State Common Retirement Fund now owns 1,376,307 shares of the company's stock worth $6,235,000 after acquiring an additional 134,631 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Gray Media by 76.6% during the second quarter. AQR Capital Management LLC now owns 1,361,807 shares of the company's stock worth $6,169,000 after purchasing an additional 590,704 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

Gray Media Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.