Gannett - GCI Stock Forecast, Price & News

Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company's principal products include 230 daily print media with total paid circulation of approximately 1.9 million and Sunday circulation of 2.2 million; 249 weekly print media with total circulation of approximately 1.4 million; and 292 locally-focused websites. Its principal products also comprise 123 daily and weekly news media brands and approximately 80 magazines, and related digital platforms; sports network, as well as Reviewed.com, an affiliate marketing service; and USA TODAY NETWORK, a community events platform. The company also offers digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions. In addition, it produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, the company offers local market news and information, as well as advertising and subscriptions, and commercial printing and distribution services; and prints commercial materials, including flyers, business cards, and invitations. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was incorporated in 2013 and is headquartered in McLean, Virginia.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GCI shares. Citigroup decreased their target price on shares of Gannett from $4.25 to $2.65 and set a "sell" rating on the stock in a research report on Thursday, July 7th. TheStreet raised shares of Gannett from a "d+" rating to a "c-" rating in a research report on Tuesday, May 17th.

Gannett Trading Down 0.4 %

GCI traded down $0.01 during mid-day trading on Tuesday, hitting $2.35. 140,602 shares of the stock were exchanged, compared to its average volume of 1,325,147. The company has a market cap of $344.49 million, a PE ratio of -5.10 and a beta of 2.31. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 2.53. The firm's fifty day moving average is $3.04 and its two-hundred day moving average is $4.05. Gannett has a 1-year low of $2.25 and a 1-year high of $7.05.

Insider Transactions at Gannett

In related news, Director John Jeffry Louis sold 7,604 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $3.64, for a total transaction of $27,678.56. Following the sale, the director now directly owns 347,722 shares of the company's stock, valued at approximately $1,265,708.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director John Jeffry Louis sold 7,604 shares of the business's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $3.64, for a total transaction of $27,678.56. Following the completion of the transaction, the director now directly owns 347,722 shares of the company's stock, valued at approximately $1,265,708.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Reed purchased 500,000 shares of Gannett stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $2.44 per share, for a total transaction of $1,220,000.00. Following the transaction, the chief executive officer now directly owns 1,836,335 shares in the company, valued at $4,480,657.40. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company's stock.