NASDAQ:CMLS Cumulus Media - CMLS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cumulus Media Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $4.18 +0.08 (+1.95%) (As of 03/21/2023 12:56 PM ET) Add Compare Share Share Today's Range$4.14▼$4.2650-Day Range$3.98▼$6.9052-Week Range$3.88▼$15.67Volume271,912 shsAverage Volume166,118 shsMarket Capitalization$76.83 millionP/E Ratio5.04Dividend YieldN/APrice Target$18.67 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Cumulus Media MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside347.6% Upside$18.67 Price TargetShort InterestHealthy2.59% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.46Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.63) to $1.53 Per ShareSee Full Details Hide Full Details 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 starsConsumer Discretionary Sector91st out of 259 stocksRadio Broadcasting Stations Industry3rd out of 8 stocks 3.5 Analyst's Opinion Consensus RatingCumulus 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/DownsideAccording to analysts' consensus price target of $18.67, Cumulus Media has a forecasted upside of 347.6% from its current price of $4.17.Amount of Analyst CoverageCumulus Media has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.59% of the float of Cumulus Media has been sold short.Short Interest Ratio / Days to CoverCumulus Media has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cumulus Media has recently increased by 36.08%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCumulus Media does not currently pay a dividend.Dividend GrowthCumulus Media does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CMLS. Previous Next 1.4 News and Social Media Coverage News SentimentCumulus Media has a news sentiment score of 0.46. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Cumulus Media this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cumulus Media insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.10% of the stock of Cumulus Media is held by insiders.Percentage Held by Institutions62.97% of the stock of Cumulus Media is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Cumulus Media are expected to grow in the coming year, from ($0.63) to $1.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cumulus Media is 5.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Cumulus Media is 5.02, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.68.Price to Book Value per Share RatioCumulus Media has a P/B Ratio of 0.19. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cumulus Media (NASDAQ:CMLS) StockCumulus 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.Read More Receive CMLS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cumulus Media and its competitors with MarketBeat's FREE daily newsletter. Email Address CMLS Stock News HeadlinesMarch 20, 2023 | americanbankingnews.comCumulus Media (NASDAQ:CMLS) Coverage Initiated at StockNews.comMarch 14, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Exclusive Multiplatform Audio Coverage of the 2023 NCAA® Men’s Basketball TournamentMarch 21, 2023 | PressReach (Ad)Stocks Positioned For The YearThis breakthrough stock has bright future this decade.March 14, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Exclusive Multiplatform Audio Coverage of the 2023 NCAA® Men’s Basketball TournamentMarch 6, 2023 | finance.yahoo.comCumulus Media Takes Listeners Behind the Scenes of GRAMMY® Award-Winning Icon Shania Twain’s New Single “Giddy Up!” in First Adult Contemporary Episodes of New Multi-Week Audio Series, “Your Music First”March 4, 2023 | finance.yahoo.comNot Many Are Piling Into Cumulus Media Inc. (NASDAQ:CMLS) Stock Yet As It Plummets 26%March 3, 2023 | benzinga.comCumulus Media's Westwood One Presents Audio Coverage of 2023 NCAA Basketball Conference Championship WeekMarch 3, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Audio Coverage of 2023 NCAA Basketball Conference Championship WeekMarch 21, 2023 | PressReach (Ad)Stocks Positioned For The YearThis breakthrough stock has bright future this decade.March 1, 2023 | benzinga.comCumulus Media Launches Mark Levin's Official Podcast Channel on YoutubeMarch 1, 2023 | markets.businessinsider.comBarrington Keeps Their Buy Rating on Cumulus Media (CMLS)February 27, 2023 | finance.yahoo.comLeslie Fram and Steve Barnes Reunite to Re-Launch Legendary 99X Atlanta Morning ShowFebruary 27, 2023 | finance.yahoo.comCumulus Media Launches Mark Levin’s Official Podcast Channel on YoutubeFebruary 25, 2023 | benzinga.comCumulus Media Stock (NASDAQ:CMLS), Quotes and News SummaryFebruary 24, 2023 | msn.comCumulus Media's Return On Capital Employed InsightsFebruary 24, 2023 | markets.businessinsider.comNoble Financial Keeps Their Buy Rating on Cumulus Media (CMLS)February 24, 2023 | finance.yahoo.comCumulus Media Full Year 2022 Earnings: Revenues Beat Expectations, EPS LagsFebruary 23, 2023 | finanznachrichten.deCumulus Media Inc.: Cumulus Media Reports Operating Results for 2022February 23, 2023 | msn.comCumulus Media GAAP EPS of $0.00 misses by $0.38, revenue of $251.27M beats by $10.9MFebruary 23, 2023 | finance.yahoo.comCumulus Media Reports Operating Results for 2022February 23, 2023 | finance.yahoo.comCumulus Media (CMLS) Tops Q4 Earnings and Revenue EstimatesFebruary 22, 2023 | finance.yahoo.comWith 65% ownership of the shares, Cumulus Media Inc. (NASDAQ:CMLS) is heavily dominated by institutional ownersFebruary 21, 2023 | finance.yahoo.comCumulus Media | Westwood One Audio Active Group® Releases Brand New Analysis of the NCAA March Madness AudienceFebruary 18, 2023 | thestreet.comWhy Cumulus Media (CMLS) Is Up TodayFebruary 17, 2023 | finance.yahoo.com4 Low P/CF Stocks to Add to Your Portfolio for Optimum ReturnsFebruary 14, 2023 | finance.yahoo.comDown -10.37% in 4 Weeks, Here's Why Cumulus (CMLS) Looks Ripe for a TurnaroundFebruary 9, 2023 | finance.yahoo.comWestwood One Presents Super Bowl LVII Game-Day Coverage With an All-Star Broadcast TeamSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CMLS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cumulus Media and its competitors with MarketBeat's FREE daily newsletter. Email Address CMLS Company Calendar Last Earnings2/23/2023Today3/21/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Radio broadcasting stations Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:CMLS CUSIPN/A CIK1058623 Webwww.cumulus.com Phone(404) 949-0700Fax404-949-0740Employees3,330Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio4.94 Forward P/E RatioN/A P/E GrowthN/ANet Income$16.24 million Net Margins1.70% Pretax Margin2.06% Return on Equity6.71% Return on Assets1.68% Debt Debt-to-Equity Ratio2.27 Current Ratio2.37 Quick Ratio2.37 Sales & Book Value Annual Sales$953.51 million Price / Sales0.08 Cash Flow$5.94 per share Price / Cash Flow0.69 Book Value$22.39 per share Price / Book0.18Miscellaneous Outstanding Shares18,380,000Free Float17,789,000Market Cap$75.36 million OptionableNot Optionable Beta1.51 Key ExecutivesMary G. BernerPresident, CEO & Independent DirectorDave MilnerExecutive Vice President-OperationsFrancisco J. Lopez-BalboaChief Financial Officer & EVPRichard S. DenningSecretary, Executive VP & General CounselBrian PhillipsChief Content OfficerKey CompetitorsBeasley Broadcast GroupNASDAQ:BBGISalem Media GroupNASDAQ:SALMTownsquare MediaNYSE:TSQSaga CommunicationsNASDAQ:SGAUrban OneNASDAQ:UONEKView All CompetitorsInsiders & InstitutionsVoya Investment Management LLCBought 28,466 shares on 2/28/2023Ownership: 0.153%Squarepoint Ops LLCBought 22,182 shares on 2/15/2023Ownership: 0.119%Algert Global LLCSold 8,060 shares on 2/15/2023Ownership: 0.092%Delphia USA Inc.Bought 2,042 shares on 2/15/2023Ownership: 0.077%MetLife Investment Management LLCBought 9,512 shares on 2/15/2023Ownership: 0.051%View All Insider TransactionsView All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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