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NASDAQ:CMLS

Cumulus Media - CMLS Stock Forecast, Price & News

$4.18
+0.08 (+1.95%)
(As of 03/21/2023 12:56 PM ET)
Add
Compare
Today's Range
$4.14
$4.26
50-Day Range
$3.98
$6.90
52-Week Range
$3.88
$15.67
Volume
271,912 shs
Average Volume
166,118 shs
Market Capitalization
$76.83 million
P/E Ratio
5.04
Dividend Yield
N/A
Price Target
$18.67

Cumulus Media MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
347.6% Upside
$18.67 Price Target
Short Interest
Healthy
2.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.46mentions of Cumulus Media in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.63) to $1.53 Per Share

Overall MarketRank

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

2.39 out of 5 stars

Consumer Discretionary Sector

91st out of 259 stocks

Radio Broadcasting Stations Industry

3rd out of 8 stocks


CMLS stock logo

About Cumulus Media (NASDAQ:CMLS) Stock

Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers. The Westwood One segment covers the revenues generated through network advertising. The Corporate and Other segment consists of the overall executive, administrative and support functions for each of the company's reportable segments, including finance and administration, legal, human resources and information technology functions. The company was founded in 2002 and is headquartered in Atlanta, GA.

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CMLS Stock News Headlines

Cumulus Media (NASDAQ:CMLS) Coverage Initiated at StockNews.com
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
Barrington Keeps Their Buy Rating on Cumulus Media (CMLS)
Noble Financial Keeps Their Buy Rating on Cumulus Media (CMLS)
Cumulus Media Reports Operating Results for 2022
Why Cumulus Media (CMLS) Is Up Today
See More Headlines
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CMLS Company Calendar

Last Earnings
2/23/2023
Today
3/21/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$18.67
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+355.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$16.24 million
Pretax Margin
2.06%

Debt

Sales & Book Value

Annual Sales
$953.51 million
Cash Flow
$5.94 per share
Book Value
$22.39 per share

Miscellaneous

Free Float
17,789,000
Market Cap
$75.36 million
Optionable
Not Optionable
Beta
1.51

Key Executives

  • Mary G. Berner
    President, CEO & Independent Director
  • Dave Milner
    Executive Vice President-Operations
  • Francisco J. Lopez-Balboa
    Chief Financial Officer & EVP
  • Richard S. Denning
    Secretary, Executive VP & General Counsel
  • Brian Phillips
    Chief Content Officer













CMLS Stock - Frequently Asked Questions

Should I buy or sell Cumulus Media stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

2 brokerages have issued 1-year target prices for Cumulus Media's shares. Their CMLS share price forecasts range from $11.00 to $25.00. On average, they anticipate the company's stock price to reach $18.67 in the next year. This suggests a possible upside of 355.3% 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 start of the year. Since then, CMLS shares have decreased by 34.0% and is now trading at $4.10.
View the best growth stocks for 2023 here
.

Are investors shorting Cumulus Media?

Cumulus Media saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 429,200 shares, an increase of 36.1% from the February 13th total of 315,400 shares. Based on an average daily volume of 151,400 shares, the short-interest ratio is currently 2.8 days. Currently, 2.6% of the company's shares are short sold.
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 Wednesday, May 3rd 2023.
View our CMLS earnings forecast
.

How were Cumulus Media's earnings last quarter?

Cumulus Media Inc. (NASDAQ:CMLS) announced its quarterly earnings data on Thursday, February, 23rd. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.23. The business had revenue of $251.27 million for the quarter, compared to the consensus estimate of $240.05 million. Cumulus Media had a net margin of 1.70% and a trailing twelve-month return on equity of 6.71%.

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).

What is Cumulus Media's stock symbol?

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

Who are Cumulus Media's major shareholders?

Cumulus Media's stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (10.63%), Dimensional Fund Advisors LP (4.07%), Beach Point Capital Management LP (3.20%), Geode Capital Management LLC (1.66%), AQR Capital Management LLC (0.74%) and Millennium Management LLC (0.74%). 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.

What is Cumulus Media's stock price today?

One share of CMLS stock can currently be purchased for approximately $4.10.

How much money does Cumulus Media make?

Cumulus Media (NASDAQ:CMLS) has a market capitalization of $75.36 million and generates $953.51 million in revenue each year. The company earns $16.24 million in net income (profit) each year or $0.83 on an earnings per share basis.

How many employees does Cumulus Media have?

The company employs 3,330 workers across the globe.

How can I contact Cumulus Media?

Cumulus Media's mailing address is 3280 PEACHTREE ROAD NW SUITE 2200, ATLANTA GA, 30305. The official website for the company is www.cumulus.com. The company can be reached via phone at (404) 949-0700, via email at ir@cumulus.com, or via fax at 404-949-0740.

This page (NASDAQ:CMLS) was last updated on 3/21/2023 by MarketBeat.com Staff