Salem Media Group - SALM Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our SALM earnings forecast.

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%.

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.

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.

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).

Salem Media Group trades on the NASDAQ under the ticker symbol "SALM."

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.

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.
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One share of SALM stock can currently be purchased for approximately $1.42.

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.

The company employs 1,336 workers across the globe.

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.