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 All Access 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. $3.65 +0.04 (+1.11%) (As of 03/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$3.58▼$3.6850-Day Range$3.61▼$6.8052-Week Range$3.47▼$15.67Volume158,173 shsAverage Volume176,946 shsMarket Capitalization$67.09 millionP/E Ratio4.40Dividend YieldN/APrice Target$18.67 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Cumulus Media MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside411.4% Upside$18.67 Price TargetShort InterestHealthy4.16% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.11Based on 6 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.2.56 out of 5 starsConsumer Discretionary Sector75th out of 264 stocksRadio Broadcasting Stations Industry3rd out of 9 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 411.4% from its current price of $3.65.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 Shorted4.16% 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 3.8, 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 56.22%, 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 2.8 News and Social Media Coverage News SentimentCumulus Media has a news sentiment score of 1.11. 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 0.56 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 6 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 4.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Cumulus Media is 4.40, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.12.Price to Book Value per Share RatioCumulus Media has a P/B Ratio of 0.16. 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 30, 2023 | finance.yahoo.comCumulus Media's Westwood One to Broadcast the NCAA® Men's Final Four® and National Championship Game in Spanish for the Sixth Straight TournamentMarch 30, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Exclusive Full-Court Audio Coverage of the 2023 NCAA® Men’s and Women’s Final Four® and National Championship Games on Multiple PlatformsMarch 31, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. March 24, 2023 | finance.yahoo.comCumulus Media (NASDAQ:CMLS) Has More To Do To Multiply In Value Going ForwardMarch 24, 2023 | finance.yahoo.comCumulus Media Radio Stations and Westwood One Talent Honored With a Total of Eight Academy of Country Music Radio Award NominationsMarch 22, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Exclusive Live Audio Coverage of the 2023 NCAA® Division I Women’s Basketball ChampionshipMarch 22, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Exclusive Multi-Platform Audio Coverage of the 2023 NCAA® Division I Men’s Basketball Sweet Sixteen® and Elite Eight®March 14, 2023 | finance.yahoo.comCumulus Media’s Westwood One Presents Exclusive Multiplatform Audio Coverage of the 2023 NCAA® Men’s Basketball TournamentMarch 31, 2023 | WealthPop (Ad)Adam Mesh: “This Strategy Saved My Trading Career”Adam Mesh was $50,000 in the hole - and ready to quit trading for good… Until he discovered the secret to unlocking double-digit income. This strategy has averaged 64% average gains in the last three years. Adam is hosting a free session to show ordinary folks how to execute this incredible strategy. Click here to let Adam show you how it’s done. 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 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 ownersSee 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 Earnings2/23/2023Today3/31/2023Next 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+411.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio4.40 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 / Sales0.07 Cash Flow$5.70 per share Price / Cash Flow0.64 Book Value$22.39 per share Price / Book0.16Miscellaneous Outstanding Shares18,380,000Free Float17,624,000Market Cap$67.09 million OptionableNot Optionable Beta1.51 Key ExecutivesMary G. BernerPresident, CEO & Independent DirectorDave MilnerExecutive Vice President-OperationsFrancisco J. Lopez-BalboaChief Financial Officer & Executive Vice PresidentRichard S. DenningSecretary, Executive VP & General CounselBrian PhillipsChief Content OfficerKey CompetitorsSalem Media GroupNASDAQ:SALMBeasley Broadcast GroupNASDAQ:BBGISaga CommunicationsNASDAQ:SGATownsquare MediaNYSE:TSQUrban OneNASDAQ:UONEKView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCBought 9,512 shares on 3/23/2023Ownership: 0.052%Voya Investment Management LLCBought 28,466 shares on 2/28/2023Ownership: 0.153%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 brokers have issued 12 month price objectives for Cumulus Media's shares. Their CMLS share price forecasts range from $11.00 to $25.00. On average, they anticipate the company's share price to reach $18.67 in the next year. This suggests a possible upside of 411.4% 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 stock has decreased by 41.2% and is now trading at $3.65. View the best growth stocks for 2023 here. Are investors shorting Cumulus Media? Cumulus Media saw a increase in short interest in March. As of March 15th, there was short interest totaling 670,500 shares, an increase of 56.2% from the February 28th total of 429,200 shares. Based on an average trading volume of 175,700 shares, the days-to-cover ratio is presently 3.8 days. Approximately 4.2% of the shares of the stock 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) posted its quarterly earnings data on Thursday, February, 23rd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 trailing twelve-month return on equity of 6.71% and a net margin of 1.70%. 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 a number of institutional and retail investors. Top institutional shareholders 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 $3.65. How much money does Cumulus Media make? Cumulus Media (NASDAQ:CMLS) has a market capitalization of $67.09 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 3/31/2023 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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