Cumulus Media Stock Price, Forecast & Analysis (NASDAQ:CMLS)

Cumulus Media trades on the NASDAQ under the ticker symbol "CMLS."

Cumulus Media Inc (NASDAQ:CMLS) posted its quarterly earnings results on Monday, November, 11th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.54 by $0.45. The firm earned $280.81 million during the quarter, compared to the consensus estimate of $270 million. Cumulus Media had a return on equity of 19.99% and a net margin of 9.09%. View Cumulus Media's Earnings History.

Cumulus Media is scheduled to release their next quarterly earnings announcement on Monday, March 16th 2020. View Earnings Estimates for Cumulus Media.

3 analysts have issued 12 month price objectives for Cumulus Media's shares. Their forecasts range from $14.00 to $26.00. On average, they anticipate Cumulus Media's stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 35.3% from the stock's current price. View Analyst Price Targets for Cumulus Media.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cumulus Media.

Media headlines about CMLS stock have been trending very negative this week, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cumulus Media earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View News Stories for Cumulus Media.

Cumulus Media saw a increase in short interest in October. As of October 15th, there was short interest totalling 487,200 shares, an increase of 21.0% from the September 15th total of 402,700 shares. Based on an average daily trading volume, of 96,500 shares, the days-to-cover ratio is presently 5.0 days. Currently, 4.1% of the company's stock are short sold. View Cumulus Media's Current Options Chain.

Some companies that are related to Cumulus Media include Corus Entertainment (CJREF), Entercom Communications (ETM), Akazoo (SONG), Townsquare Media (TSQ), Urban One (UONEK), Urban One (UONE), iHeartMedia (IHRTQ), Beasley Broadcast Group (BBGI), Emmis Communications (EMMS), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cumulus Media investors own include FuelCell Energy (FCEL), CareDx (CDNA), BioXcel Therapeutics (BTAI), Baidu (BIDU), AzurRx BioPharma (AZRX), Avrobio (AVRO), Anterix (ATEX), Arrowhead Pharmaceuticals (ARWR), Applied Genetic Technologies (AGTC) and Aduro BioTech (ADRO).

Cumulus Media's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Beach Point Capital Management LP (4.91%), Zazove Associates LLC (4.64%), Russell Investments Group Ltd. (1.34%), Strs Ohio (0.30%), Rhumbline Advisers (0.11%) and Meeder Asset Management Inc. (0.05%). Company insiders that own Cumulus Media stock include Nimbus Atlas Llc and Sp Signal Manager, Llc. View Institutional Ownership Trends for Cumulus Media.

CMLS stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd. and Oppenheimer Asset Management Inc.. Company insiders that have sold Cumulus Media company stock in the last year include Nimbus Atlas Llc and Sp Signal Manager, Llc. View Insider Buying and Selling for Cumulus Media.

CMLS stock was acquired by a variety of institutional investors in the last quarter, including Zazove Associates LLC, Beach Point Capital Management LP, Strs Ohio, Meeder Asset Management Inc. and Rhumbline Advisers. View Insider Buying and Selling for Cumulus Media.

Shares of CMLS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CMLS stock can currently be purchased for approximately $14.54.

Cumulus Media has a market capitalization of $226.24 million and generates $1.14 billion in revenue each year. Cumulus Media employs 5,135 workers across the globe.View Additional Information About Cumulus Media.

The official website for Cumulus Media is http://www.cumulus.com/.

Cumulus Media's mailing address is 3280 PEACHTREE ROAD NW SUITE 2200, ATLANTA GA, 30305. The company can be reached via phone at 404-949-0700 or via email at [email protected]