NASDAQ:SALM Salem Media Group - SALM 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 Salem Media Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $1.40 +0.03 (+2.19%) (As of 02/6/2023 05:33 PM ET) Add Compare Share Share Today's Range$1.32▼$1.4450-Day Range$1.01▼$1.3952-Week Range$1.00▼$4.19Volume31,491 shsAverage Volume31,637 shsMarket Capitalization$38.11 millionP/E Ratio2.50Dividend YieldN/APrice Target$5.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Salem Media Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside259.7% Upside$5.00 Price TargetShort InterestHealthy1.18% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee 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.2.32 out of 5 starsConsumer Discretionary Sector95th out of 267 stocksRadio Broadcasting Stations Industry5th 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 259.7% from its current price of $1.39.Amount of Analyst CoverageSalem Media Group has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.18% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Salem Media Group has recently decreased by 17.56%, indicating that investor sentiment is improving significantly. 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 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Salem Media Group this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for SALM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 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 Insiders57.02% 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 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Salem Media Group is 2.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Salem Media Group is 2.48, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.30.Price to Book Value per Share RatioSalem Media Group has a P/B Ratio of 0.21. 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 HeadlinesFebruary 3, 2023 | americanbankingnews.comSalem Media Group (NASDAQ:SALM) Coverage Initiated at StockNews.comJanuary 24, 2023 | finance.yahoo.comSalem Media Adds Ninoska Pérez Castellón to its Miami LineupFebruary 6, 2023 | Investing Trends (Ad)"TAKE THAT, CHINA!" USA Gains in EV Battery Arms RaceDid you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution. January 18, 2023 | finance.yahoo.comSalem Media Group Announces Promotion of Dan NelsonJanuary 16, 2023 | finance.yahoo.comVeteran Broadcaster Chris Stigall Joins the Salem Podcast NetworkJanuary 12, 2023 | finance.yahoo.comSalem Media Group Announces the Promotion of Andy MassingillJanuary 12, 2023 | finance.yahoo.comSalem Media Group Expands Relationship With Triton Digital, Leveraging Suite of Audio Solutions Including Podcast Metrics Demos+January 9, 2023 | finance.yahoo.comMike Crispi Unafraid Joins Salem Podcast NetworkFebruary 6, 2023 | Investing Trends (Ad)"TAKE THAT, CHINA!" USA Gains in EV Battery Arms RaceDid you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution. January 7, 2023 | finance.yahoo.comIs There Now An Opportunity In Salem Media Group, Inc. (NASDAQ:SALM)?January 3, 2023 | finance.yahoo.comSalem Music Network Adds Scott and Sam to Syndication LineupDecember 19, 2022 | finance.yahoo.comSalem Media Group Promotes John Gallagher to Chicago from Little RockDecember 17, 2022 | money.usnews.comSalem Media Group Inc - Ordinary Shares - Class ADecember 15, 2022 | finance.yahoo.comSalem Media Group Announces the Appointment of Monica Rabassa as VP and GM in MiamiDecember 1, 2022 | finance.yahoo.comSalem Media Group to Present at the Upcoming 17th Annual Singular Research Best of the Uncovered Investor ConferenceDecember 1, 2022 | finance.yahoo.comSalem Media Announces Retirement of Tom Moyer in Washington D.C. and David Howard to Succeed Moyer as GMNovember 30, 2022 | finance.yahoo.comTimeless with Julie Hartman Launched by Salem Media GroupNovember 18, 2022 | finance.yahoo.comBenign Growth For Salem Media Group, Inc. (NASDAQ:SALM) Underpins Stock's 26% PlummetNovember 17, 2022 | finance.yahoo.comSalem Media Announces New Podcast with Suzanne Newman on the Senior Resource Podcast NetworkNovember 9, 2022 | finance.yahoo.comSalem Media Group Third Quarter 2022 Earnings: Misses ExpectationsNovember 6, 2022 | seekingalpha.comSalem Media Group, Inc. (SALM) Q3 2022 Earnings Call TranscriptNovember 3, 2022 | finance.yahoo.comSalem Media Group, Inc. Announces Third Quarter 2022 Total Revenue of $66.9 MillionOctober 27, 2022 | finance.yahoo.comSalem Media Group Schedules Third Quarter 2022 Earnings Release and TeleconferenceOctober 22, 2022 | finance.yahoo.comPositive earnings growth hasn't been enough to get Salem Media Group (NASDAQ:SALM) shareholders a favorable return over the last five yearsOctober 21, 2022 | finance.yahoo.comShould Value Investors Buy Salem Media Group (SALM) Stock?October 20, 2022 | finance.yahoo.comSalem Media Group to Present at the LD Micro Main Event XV Investor ConferenceOctober 19, 2022 | finance.yahoo.comSalem Media Group Announces New Podcast with Toni King on the Senior Resource Podcast NetworkSee 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 Earnings8/04/2021Today2/06/2023Next Earnings (Estimated)3/02/2023Fiscal 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) 586-0080Fax805-384-4520Employees1,336Year 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+257.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.56 Trailing P/E Ratio2.50 Forward P/E RatioN/A P/E GrowthN/ANet Income$41.51 million Net Margins5.92% Pretax Margin4.99% Return on Equity6.50% Return on Assets2.29% Debt Debt-to-Equity Ratio0.88 Current Ratio0.79 Quick Ratio0.76 Sales & Book Value Annual Sales$258.25 million Price / Sales0.15 Cash Flow$1.46 per share Price / Cash Flow0.96 Book Value$6.56 per share Price / Book0.21Miscellaneous Outstanding Shares27,220,000Free Float11,697,000Market Cap$38.11 million OptionableOptionable Beta1.31 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:CMLSTownsquare MediaNYSE:TSQVision Marine TechnologiesNASDAQ:VMAR51Talk Online Education GroupNYSE:COEView All CompetitorsInsiders & InstitutionsBlackRock Inc.Sold 11,342 shares on 11/15/2022Ownership: 1.006%Verdad Advisers LPBought 85,452 shares on 11/14/2022Ownership: 3.254%Renaissance Technologies LLCBought 35,300 shares on 11/14/2022Ownership: 0.527%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 equities research analysts have issued 12 month price targets for Salem Media Group's shares. 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 253.1% 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 beginning of the year. Since then, SALM stock has increased by 34.9% and is now trading at $1.4160. View the best growth stocks for 2023 here. Are investors shorting Salem Media Group? Salem Media Group saw a decline in short interest in January. As of January 15th, there was short interest totaling 138,500 shares, a decline of 17.6% from the December 31st total of 168,000 shares. Based on an average trading volume of 54,900 shares, the short-interest ratio is presently 2.5 days. Currently, 1.2% of the shares of the company are short sold. View Salem Media Group's Short Interest. When is Salem Media Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023. View our SALM earnings forecast. How were Salem Media Group's earnings last quarter? Salem Media Group, Inc. (NASDAQ:SALM) issued its quarterly earnings data on Wednesday, August, 4th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.09. The business had revenue of $63.78 million for the quarter, compared to analysts' expectations of $60.19 million. Salem Media Group had a trailing twelve-month return on equity of 6.50% and a net margin of 5.92%. What guidance has Salem Media Group issued on next quarter's earnings? Salem Media Group updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $65.64 million-$67.03 million, compared to the consensus revenue estimate of $74.20 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 retail and institutional investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Christopher J Henderson, David Evans, David P Santrella, Edward G Atsinger III, Evan D Masyr and Stuart W Epperson. 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 $1.42. How much money does Salem Media Group make? Salem Media Group (NASDAQ:SALM) has a market capitalization of $38.54 million and generates $258.25 million in revenue each year. The company earns $41.51 million in net income (profit) each year or $0.56 on an earnings per share basis. How many employees does Salem Media Group have? The company employs 1,336 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 2/6/2023 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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