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

$4.87
-0.08 (-1.62%)
(As of 04:00 PM ET)
Compare
Today's Range
$4.87
$5.00
50-Day Range
$4.51
$5.40
52-Week Range
$2.57
$7.59
Volume
33,834 shs
Average Volume
137,244 shs
Market Capitalization
$80.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.50

Cumulus Media MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
95.1% Upside
$9.50 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.24mentions of Cumulus Media in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.68) to ($0.19) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Consumer Discretionary Sector

100th out of 277 stocks

Radio Broadcasting Stations Industry

3rd out of 10 stocks


CMLS stock logo

About Cumulus Media Stock (NASDAQ:CMLS)

Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates 404 stations in 85 markets, as well as approximately 9,400 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, the AP, the Academy of Country Music Awards, and other partners. In addition, the company provides digital marketing services, such as email marketing, geo-targeted display and video solutions, website and microsite building, hosting, social media management, reputation management, and search engine marketing and optimization. The company serves advertisers through broadcast and on-demand digital, mobile, social, and voice-activated platforms. Cumulus Media Inc. was founded in 2002 and is based in Atlanta, Georgia.

CMLS Stock Price History

CMLS Stock News Headlines

Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Cumulus Media Inc Class A CMLS
Cumulus Media Introduces Hello Rossipes Podcast
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Cumulus Media Q3 2023 Earnings Preview
Cumulus Media Inc. (CMLS)
Cumulus Media Announces Expanded Partnership With Rich Eisen
Earnings Preview For Cumulus Media
See More Headlines
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Company Calendar

Last Earnings
10/27/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Current Symbol
NASDAQ:CMLS
Employees
3,330
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.50
High Stock Price Target
$11.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+91.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$16.24 million
Pretax Margin
-2.90%

Debt

Sales & Book Value

Annual Sales
$953.51 million
Cash Flow
$5.69 per share
Book Value
$23.23 per share

Miscellaneous

Free Float
15,468,000
Market Cap
$81.72 million
Optionable
Not Optionable
Beta
1.55
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Key Executives

  • Ms. Mary G. Berner (Age 64)
    President, CEO & Director
    Comp: $3.22M
  • Mr. Francisco J. Lopez-Balboa (Age 62)
    Executive VP, CFO & Treasurer
    Comp: $1.78M
  • Mr. Richard S. Denning (Age 56)
    Executive VP, Secretary & General Counsel
    Comp: $963.1k
  • Mr. Dave Milner (Age 54)
    President of Operations
  • Mr. Robert J Walker (Age 62)
    President of Operations
  • Ms. Sallie Kimbrough
    Principal Accounting Officer, VP of Finance & Corporate Controller
  • Mr. Conrad Trautmann
    Chief Technology Officer
  • Mr. Collin Jones (Age 36)
    Senior Vice President of Corporate Development & Strategy
  • Ms. Christina P. Albee
    Chief Marketing Officer
  • Ms. Suzanne M. Grimes (Age 64)
    Executive VP of Corporate Marketing & President of Westwood One
    Comp: $960k














CMLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cumulus Media stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMLS shares.
View CMLS analyst ratings
or view top-rated stocks.

What is Cumulus Media's stock price target for 2024?

2 Wall Street research analysts have issued twelve-month target prices for Cumulus Media's shares. Their CMLS share price targets range from $8.00 to $11.00. On average, they expect the company's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 95.1% from the stock's current price.
View analysts price targets for CMLS
or view top-rated stocks among Wall Street analysts.

How have CMLS shares performed in 2023?

Cumulus Media's stock was trading at $6.21 at the beginning of the year. Since then, CMLS shares have decreased by 21.6% and is now trading at $4.87.
View the best growth stocks for 2023 here
.

Are investors shorting Cumulus Media?

Cumulus Media saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 179,100 shares, a drop of 20.5% from the October 31st total of 225,300 shares. Based on an average daily volume of 58,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.4% of the company's shares are sold short.
View Cumulus Media's Short Interest
.

When is Cumulus Media's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our CMLS earnings forecast
.

How were Cumulus Media's earnings last quarter?

Cumulus Media Inc. (NASDAQ:CMLS) posted its earnings results on Friday, October, 27th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.50. The firm had revenue of $207.42 million for the quarter, compared to the consensus estimate of $207.47 million. Cumulus Media had a negative net margin of 2.27% and a negative trailing twelve-month return on equity of 2.29%.

What is Mary G. Berner's approval rating as Cumulus Media's CEO?

225 employees have rated Cumulus Media Chief Executive Officer Mary G. Berner on Glassdoor.com. Mary G. Berner has an approval rating of 65% among the company's employees. 50.0% of employees surveyed would recommend working at Cumulus Media to a friend.

What other stocks do shareholders of Cumulus Media own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cumulus Media investors own include Main Street Capital (MAIN), Southern (SO), Simon Property Group (SPG), Toronto-Dominion Bank (TD), Teekay LNG Partners (TGP), AbbVie (ABBV), Alliance Data Systems (ADS), Algonquin Power & Utilities (AQN), BCE (BCE) and Franklin Resources (BEN).

Who are Cumulus Media's major shareholders?

Cumulus Media's stock is owned by many different retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (1.96%), Group One Trading L.P. (0.00%), Federated Hermes Inc. (0.82%), EJF Capital LLC (0.53%), Invesco Ltd. (0.39%) and Ancora Advisors LLC (0.39%). Insiders that own company stock include Brigade Capital Management, Lp, David Edward Milner and Richard Denning.
View institutional ownership trends
.

How do I buy shares of Cumulus Media?

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

This page (NASDAQ:CMLS) was last updated on 11/30/2023 by MarketBeat.com Staff

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