Barrington Research Upgrades Gray Media (NYSE:GTN) to Outperform

Key Points

• Gray Media has been upgraded by Barrington Research from a "market perform" rating to an "outperform" rating, with a new price target of $6.50, suggesting a potential upside of 32.79% from the stock's previous close.
• Wells Fargo increased its target price from $4.50 to $5.00, while Benchmark raised theirs from $7.00 to $9.00, reflecting a mixed outlook among analysts for Gray Media.
• Gray Media reported a loss of $0.42 per share for its most recent quarter, falling short of analysts' expectations, while its revenue slightly exceeded estimates at $772 million.

Gray Media (NYSE:GTN - Get Free Report) was upgraded by Barrington Research from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a $6.50 target price on the stock. Barrington Research's price target suggests a potential upside of 10.36% from the company's current price. Barrington Research also issued estimates for Gray Media's Q3 2025 earnings at ($0.41) EPS, Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($1.11) EPS, Q1 2026 earnings at ($0.17) EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $1.57 EPS, FY2026 earnings at $2.46 EPS and FY2027 earnings at ($0.21) EPS.

GTN has been the topic of a number of other research reports. Wells Fargo & Company increased their price target on shares of Gray Media from $4.50 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, August 11th. Benchmark reaffirmed a "buy" rating and set a $9.00 target price (up previously from $7.00) on shares of Gray Media in a report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Gray Media from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.88.

Gray Media Price Performance

Shares of NYSE:GTN traded down $0.11 during trading on Monday, reaching $5.89. The company had a trading volume of 2,487,786 shares, compared to its average volume of 1,786,747. The company has a fifty day moving average of $4.77 and a two-hundred day moving average of $4.22. The stock has a market capitalization of $598.07 million, a P/E ratio of 3.90 and a beta of 1.20. Gray Media has a 12 month low of $2.91 and a 12 month high of $6.16. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 2.56.

Gray Media (NYSE:GTN - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $765.16 million. Gray Media had a return on equity of 10.31% and a net margin of 5.64%. Gray Media's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. Equities research analysts forecast that Gray Media will post 3.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Gignac purchased 12,500 shares of the company's stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $3.68 per share, with a total value of $46,000.00. Following the transaction, the chief financial officer directly owned 644,599 shares of the company's stock, valued at approximately $2,372,124.32. This represents a 1.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in shares of Gray Media by 30.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,146 shares of the company's stock worth $45,000 after acquiring an additional 3,262 shares during the period. Mariner LLC boosted its holdings in shares of Gray Media by 18.7% in the fourth quarter. Mariner LLC now owns 21,740 shares of the company's stock worth $68,000 after buying an additional 3,419 shares during the last quarter. Choreo LLC boosted its holdings in shares of Gray Media by 13.2% in the first quarter. Choreo LLC now owns 30,374 shares of the company's stock worth $131,000 after buying an additional 3,547 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Gray Media by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 336,905 shares of the company's stock worth $1,061,000 after buying an additional 3,737 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Gray Media by 157.6% in the first quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company's stock worth $38,000 after buying an additional 5,355 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.