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

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

Cumulus Media Inc (NASDAQ:CMLS) issued its quarterly earnings data on Monday, November, 11th. The company reported $0.99 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.54 by $0.45. The firm had revenue of $280.81 million for the quarter, compared to analyst estimates of $270 million. Cumulus Media had a return on equity of 20.45% and a net margin of 8.76%. 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 brokerages have issued 12 month target prices for Cumulus Media's shares. Their forecasts range from $14.00 to $26.00. On average, they expect Cumulus Media's share price to reach $19.67 in the next twelve months. This suggests a possible upside of 33.2% 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 trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cumulus Media earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Cumulus Media.

Cumulus Media saw a increase in short interest during the month of 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 trading volume of 96,500 shares, the short-interest ratio is presently 5.0 days. Currently, 4.1% of the shares of the company are short sold. View Cumulus Media's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Cumulus Media investors own include Varian Medical Systems (VAR), Magnolia Oil & Gas (MGY), Hi-Crush (HCR), Micron Technology (MU) and Arrowhead Pharmaceuticals (ARWR).

Cumulus Media's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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 bought 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 $14.76.

Cumulus Media has a market capitalization of $211.84 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]