Cumulus Media - CMLS Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our CMLS earnings forecast.

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%.

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.

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).

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

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.

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.
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One share of CMLS stock can currently be purchased for approximately $3.65.

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.

The company employs 3,330 workers across the globe.

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.