NASDAQ:SALM Salem Media Group (SALM) Stock Forecast, Price & News $0.96 0.00 (0.00%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$0.95▼$0.9750-Day Range$0.94▼$1.0952-Week Range$0.92▼$2.92Volume10,028 shsAverage Volume27,509 shsMarket Capitalization$26.20 millionP/E RatioN/ADividend YieldN/APrice Target$5.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Salem Media Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside419.5% Upside$5.00 Price TargetShort InterestHealthy0.73% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.93Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.25) to ($0.01) 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 Sector106th out of 276 stocksRadio Broadcasting Stations Industry4th out of 9 stocks 3.5 Analyst's Opinion Consensus RatingSalem Media Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.00, Salem Media Group has a forecasted upside of 419.5% from its current price of $0.96.Amount of Analyst CoverageSalem Media Group has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.73% of the float of Salem Media Group has been sold short.Short Interest Ratio / Days to CoverSalem Media Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Salem Media Group has recently increased by 2.52%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldSalem Media Group does not currently pay a dividend.Dividend GrowthSalem Media Group 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 SALM. Previous Next 3.9 News and Social Media Coverage News SentimentSalem Media Group has a news sentiment score of 0.93. 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 0.61 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Salem Media Group this week, compared to 1 article on an average week.Search Interest4 people have searched for SALM on MarketBeat in the last 30 days. MarketBeat Follows1 people have added Salem Media Group to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Salem Media Group insiders have not sold or bought any company stock.Percentage Held by Insiders54.61% of the stock of Salem Media Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 13.12% of the stock of Salem Media Group is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Salem Media Group are expected to grow in the coming year, from ($0.25) to ($0.01) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Salem Media Group is -2.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Salem Media Group is -2.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSalem Media Group has a P/B Ratio of 0.15. 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 Salem Media Group (NASDAQ:SALM) StockSalem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which include national and local programming content. The Digital Media segment offers Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web. The Publishing segment consists of book publishing, self-publishing services and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Irving, TX.Read More Receive SALM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Salem Media Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SALM Stock News HeadlinesMay 25, 2023 | americanbankingnews.comSalem Media Group (NASDAQ:SALM) Receives New Coverage from Analysts at StockNews.comMay 17, 2023 | americanbankingnews.comSalem Media Group (NASDAQ:SALM) Now Covered by Analysts at StockNews.comMay 28, 2023 | Stocks To Trade (Ad)3 Free Stock Picks per DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 12, 2023 | msn.comEF Hutton Maintains Salem Media Group Inc - (SALM) Buy RecommendationMay 9, 2023 | washingtonpost.comSalem Communications: Q1 Earnings SnapshotMay 9, 2023 | finance.yahoo.comSalem Media Group, Inc. Announces First Quarter 2023 Total Revenue of $63.5 MillionMay 9, 2023 | americanbankingnews.comSalem Media Group (NASDAQ:SALM) Coverage Initiated by Analysts at StockNews.comMay 7, 2023 | americanbankingnews.comSalem Media Group (SALM) Set to Announce Earnings on TuesdayMay 28, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 4, 2023 | finance.yahoo.comSalem Media Group Schedules First Quarter 2023 Earnings Release and TeleconferenceMay 2, 2023 | finance.yahoo.comSalem Music Network Team Wins Radio’s Got Talent AwardMay 1, 2023 | finance.yahoo.comSalem Media Group Announces the Appointment of Carolyn Cassidy as General Manager of Salem Surround in TampaApril 26, 2023 | finance.yahoo.comSalem Media Group Announces Participation in the Channelchek Takeaway SeriesApril 23, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Salem Media Group (NASDAQ:SALM)April 16, 2023 | americanbankingnews.comSalem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.comApril 13, 2023 | finance.yahoo.comSalem Media Group of Tampa Announces a Postponed Tribute to Jack Harris and a Comeback Special with Mason DixonMarch 31, 2023 | americanbankingnews.comSalem Media Group (NASDAQ:SALM) Now Covered by StockNews.comMarch 29, 2023 | finance.yahoo.comSalem Music Network Adds Kim Fitz to Syndication LineupMarch 27, 2023 | finance.yahoo.comSalem Media Group Announces Issuance of Additional 7.125% Senior Notes due 2028 and Completion of Redemption of 6.75% Senior Notes due 2024March 22, 2023 | finance.yahoo.comSalem Media Group Announces New Podcast with Meredith Chen on the Senior Resource Podcast NetworkMarch 15, 2023 | finance.yahoo.comSalem Media Group Announces New Podcast with Lena Armuth on the Senior Resource Podcast NetworkMarch 10, 2023 | finance.yahoo.comSalem Media Group, Inc. (NASDAQ:SALM) Q4 2022 Earnings Call TranscriptMarch 9, 2023 | finance.yahoo.comQ4 2022 Salem Media Group Inc Earnings CallMarch 8, 2023 | apnews.comSalem Communications: Q4 Earnings SnapshotMarch 8, 2023 | finance.yahoo.comSalem Media Group, Inc. Announces Fourth Quarter 2022 Total Revenue of $68.8 MillionMarch 7, 2023 | benzinga.comEarnings Outlook For Salem Media GroupMarch 1, 2023 | finance.yahoo.comSalem Media Group Schedules Fourth Quarter 2022 Earnings Release and TeleconferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SALM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Salem Media Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SALM Company Calendar Last Earnings3/08/2023Today5/28/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Radio broadcasting stations Sub-IndustryBroadcasting SectorConsumer Discretionary Current SymbolNASDAQ:SALM CUSIP79409310 CIK1050606 Webwww.salemmedia.com Phone(469) 586-0080Fax805-384-4520Employees1,436Year Founded1986Price Target and Rating Average Stock Price Forecast$5.00 High Stock Price Forecast$5.00 Low Stock Price Forecast$5.00 Forecasted Upside/Downside+419.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.38) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-3,240,000.00 Net Margins-3.78% Pretax Margin-4.70% Return on Equity-0.22% Return on Assets-0.08% Debt Debt-to-Equity Ratio0.89 Current Ratio0.58 Quick Ratio0.56 Sales & Book Value Annual Sales$266.97 million Price / Sales0.10 Cash Flow$0.68 per share Price / Cash Flow1.41 Book Value$6.26 per share Price / Book0.15Miscellaneous Outstanding Shares27,220,000Free Float12,353,000Market Cap$26.20 million OptionableOptionable Beta1.21 Social Links Key ExecutivesDavid P. SantrellaChief Executive OfficerDavid A. R. EvansChief Operating OfficerEvan D. MasyrChief Financial Officer & Executive Vice PresidentMike ReedSenior Vice PresidentJeff ReismanVice President & General Manager-Chicago ClusterKey CompetitorsBeasley Broadcast GroupNASDAQ:BBGICumulus MediaNASDAQ:CMLSDogness (International)NASDAQ:DOGZBreraNASDAQ:BREACharles & Colvard, Ltd.NASDAQ:CTHRView All CompetitorsInstitutional OwnershipSusquehanna International Group LLPBought 16,481 shares on 5/16/2023Ownership: 0.154%Dimensional Fund Advisors LPSold 34,734 shares on 5/12/2023Ownership: 0.444%Renaissance Technologies LLCSold 32,801 shares on 5/12/2023Ownership: 0.347%View All Institutional Transactions SALM Stock - Frequently Asked Questions Should I buy or sell Salem Media Group stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SALM shares. View SALM analyst ratings or view top-rated stocks. What is Salem Media Group's stock price forecast for 2023? 1 brokers have issued 1 year price targets for Salem Media Group's stock. Their SALM share price forecasts range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 419.5% from the stock's current price. View analysts price targets for SALM or view top-rated stocks among Wall Street analysts. How have SALM shares performed in 2023? Salem Media Group's stock was trading at $1.05 at the start of the year. Since then, SALM shares have decreased by 8.3% and is now trading at $0.9624. View the best growth stocks for 2023 here. When is Salem Media Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our SALM earnings forecast. How were Salem Media Group's earnings last quarter? Salem Media Group, Inc. (NASDAQ:SALM) posted its quarterly earnings data on Wednesday, March, 8th. The company reported ($0.02) earnings per share for the quarter. The company earned $68.81 million during the quarter. Salem Media Group had a negative trailing twelve-month return on equity of 0.22% and a negative net margin of 3.78%. What guidance has Salem Media Group issued on next quarter's earnings? Salem Media Group issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $63.89 million-$65.27 million, compared to the consensus revenue estimate of $65.60 million. What is Edward G. Atsinger III's approval rating as Salem Media Group's CEO? 247 employees have rated Salem Media Group Chief Executive Officer Edward G. Atsinger III on Glassdoor.com. Edward G. Atsinger III has an approval rating of 87% among the company's employees. What other stocks do shareholders of Salem Media Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Salem Media Group investors own include Sirius XM (SIRI), Trevena (TRVN), OPKO Health (OPK), Advanced Micro Devices (AMD), CTI BioPharma (CTIC), TherapeuticsMD (TXMD), Arbutus Biopharma (ABUS), Adamis Pharmaceuticals (ADMP), Ampio Pharmaceuticals (AMPE) and Biocept (BIOC). What is Salem Media Group's stock symbol? Salem Media Group trades on the NASDAQ under the ticker symbol "SALM." Who are Salem Media Group's major shareholders? Salem Media Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.44%), Renaissance Technologies LLC (0.35%) and Susquehanna International Group LLP (0.15%). Insiders that own company stock include Christopher J Henderson, David Evans, David P Santrella and Evan D Masyr. View institutional ownership trends. How do I buy shares of Salem Media Group? Shares of SALM 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 Salem Media Group's stock price today? One share of SALM stock can currently be purchased for approximately $0.96. How much money does Salem Media Group make? Salem Media Group (NASDAQ:SALM) has a market capitalization of $26.20 million and generates $266.97 million in revenue each year. The company earns $-3,240,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis. How many employees does Salem Media Group have? The company employs 1,436 workers across the globe. How can I contact Salem Media Group? Salem Media Group's mailing address is 4880 SANTA ROSA ROAD, CAMARILLO CA, 93012. The official website for the company is www.salemmedia.com. The company can be reached via phone at (469) 586-0080, via email at evan@salemmedia.com, or via fax at 805-384-4520. This page (NASDAQ:SALM) was last updated on 5/28/2023 by MarketBeat.com Staff 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 Salem Media Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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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