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 .

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: 1.24
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

3.5

Analyst's Opinion

Consensus Rating
Cumulus Media has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.50, Cumulus Media has a forecasted upside of 95.1% from its current price of $4.87.
Amount of Analyst Coverage
Cumulus Media has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.35% of the float of Cumulus Media has been sold short.
Short Interest Ratio / Days to Cover
Cumulus Media has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cumulus Media has recently decreased by 20.51%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Cumulus Media does not currently pay a dividend.
Dividend Growth
Cumulus Media does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CMLS.

2.9

News and Social Media Coverage

News Sentiment
Cumulus Media has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cumulus Media this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Cumulus Media to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cumulus Media insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Cumulus Media is held by insiders.
Percentage Held by Institutions
46.43% of the stock of Cumulus Media is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cumulus Media are expected to grow in the coming year, from ($1.68) to ($0.19) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cumulus Media is -4.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cumulus Media is -4.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cumulus Media has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CMLS Stock News Headlines

November 29, 2023 | markets.businessinsider.com

Cumulus Podcast Network to Provide Brand Safety & Suitability Measurement Through Barometer

November 22, 2023 | markets.businessinsider.com

Cumulus Media’s Westwood One Presents Exclusive National Audio Coverage of Six NFL Games Over the Thanksgiving Holiday Weekend

November 30, 2023 | Tomorrow Investor (Ad)

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.

November 8, 2023 | finance.yahoo.com

Investors Could Be Concerned With Cumulus Media's (NASDAQ:CMLS) Returns On Capital

November 7, 2023 | morningstar.com

Cumulus Media Inc Class A CMLS

November 1, 2023 | finance.yahoo.com

Cumulus Media Introduces Hello Rossipes Podcast

October 31, 2023 | markets.businessinsider.com

Buy Rating Reaffirmed for Cumulus Media: Growth Potential in Digital Revenues and Efficient Expense Management

October 29, 2023 | finance.yahoo.com

Cumulus Media Inc. (NASDAQ:CMLS) Q3 2023 Earnings Call Transcript

November 30, 2023 | Tomorrow Investor (Ad)

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.

October 27, 2023 | finanznachrichten.de

Cumulus Media Inc.: Cumulus Media Reports Operating Results for the Third Quarter 2023

October 27, 2023 | finance.yahoo.com

Cumulus Media Reports Operating Results for the Third Quarter 2023

October 27, 2023 | msn.com

US Broadcasting Firm Cumulus Media Stock Is Tanking After Q3 Performance - Here's Why

October 26, 2023 | finance.yahoo.com

Westwood One Host Rich Eisen Wins Prestigious Marconi Award for Network/Syndicated Personality of the Year

October 26, 2023 | msn.com

Cumulus Media Q3 2023 Earnings Preview

October 23, 2023 | bizjournals.com

Married with Microphones co-hosts Chris O'Brien and Janeen Coyle retiring from 103.5 WGRR-FM

October 18, 2023 | msn.com

Why Fast-paced Mover Cumulus (CMLS) Is a Great Choice for Value Investors

October 9, 2023 | bizjournals.com

Cumulus shuffles its radio station playlist for KC-area listeners

September 27, 2023 | finance.yahoo.com

Cumulus Media Inc. (CMLS)

September 6, 2023 | markets.businessinsider.com

Cumulus Media Announces Expanded Partnership With Rich Eisen

September 6, 2023 | markets.businessinsider.com

Cumulus Media’s Westwood One Launches 37th Consecutive Season As the Exclusive Primetime Network Radio Partner of the NFL

August 31, 2023 | markets.businessinsider.com

CUMULUS MEDIA’s Westwood One Presents Exclusive Audio Coverage of the 2023 Black College Football Hall of Fame Classic

August 31, 2023 | finance.yahoo.com

Surprise! These 3 Penny Stocks Have Wall Street’s Seal of Approval.

August 1, 2023 | finance.yahoo.com

After losing 21% in the past year, Cumulus Media Inc. (NASDAQ:CMLS) institutional owners must be relieved by the recent gain

July 29, 2023 | seekingalpha.com

Cumulus Media GAAP EPS of -$0.06 beats by $0.31, revenue of $210.1M beats by $1.3M

July 29, 2023 | finance.yahoo.com

Cumulus Media Inc. (NASDAQ:CMLS) Q2 2023 Earnings Call Transcript

July 28, 2023 | finanznachrichten.de

Cumulus Media Inc.: Cumulus Media Reports Operating Results for the Second Quarter 2023

July 28, 2023 | benzinga.com

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:CMLS
CUSIP: N/A
CIK: 1058623
Web: www.cumulus.com
Phone: (404) 949-0700
Fax: 404-949-0740
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

EPS (Most Recent Fiscal Year): ($1.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $16.24 million
Net Margins: -2.27%
Pretax Margin: -2.90%
Return on Equity: -2.29%
Return on Assets: -0.57%

Debt

Debt-to-Equity Ratio: 2.29
Current Ratio: 2.15
Quick Ratio: 2.15

Sales & Book Value

Annual Sales: $953.51 million
Price / Sales: 0.09
Cash Flow: $5.69 per share
Price / Cash Flow: 0.87
Book Value: $23.23 per share
Price / Book: 0.21

Miscellaneous

Outstanding Shares: 16,510,000
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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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