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NIO   4.76 (+1.93%)
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MU   119.71 (+0.39%)
GE   179.97 (-0.08%)
DIS   121.22 (+0.20%)
AMC   3.75 (-13.59%)
PYPL   66.60 (+0.05%)
S&P 500   5,246.74 (-0.03%)
DOW   39,826.92 (+0.17%)
QQQ   444.85 (+0.00%)
NVDA   899.25 (-0.36%)
NIO   4.76 (+1.93%)
F   13.02 (-0.31%)
MU   119.71 (+0.39%)
GE   179.97 (-0.08%)
DIS   121.22 (+0.20%)
AMC   3.75 (-13.59%)
PYPL   66.60 (+0.05%)
S&P 500   5,246.74 (-0.03%)
DOW   39,826.92 (+0.17%)
QQQ   444.85 (+0.00%)
NVDA   899.25 (-0.36%)
NIO   4.76 (+1.93%)
F   13.02 (-0.31%)
MU   119.71 (+0.39%)
GE   179.97 (-0.08%)
DIS   121.22 (+0.20%)
AMC   3.75 (-13.59%)
PYPL   66.60 (+0.05%)
NASDAQ:CMLS

Cumulus Media (CMLS) Stock Price, News & Analysis

$3.23
+0.10 (+3.19%)
(As of 03/27/2024 ET)
Today's Range
$3.08
$3.28
50-Day Range
$3.13
$5.08
52-Week Range
$2.57
$6.59
Volume
120,411 shs
Average Volume
98,471 shs
Market Capitalization
$53.84 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.50

Cumulus Media MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
194.1% Upside
$9.50 Price Target
Short Interest
Healthy
2.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Cumulus Media in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.80) to ($1.57) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.12 out of 5 stars

Consumer Discretionary Sector

194th out of 272 stocks

Radio Broadcasting Stations Industry

6th out of 9 stocks

CMLS stock logo

About Cumulus Media Stock (NASDAQ:CMLS)

Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners. In addition, the company provides digital marketing services, such as email marketing, geo-targeted display and video solutions, website and microsite building, hosting, social media management, reputation and listing management, and search engine marketing and optimization; influencers, audio solutions, research and insights, and live event services; and advertising performance guarantee services. The company serves advertisers through broadcast and on-demand digital, mobile, social, and voice-activated platforms. Cumulus Media Inc. was founded in 2002 and is based in Atlanta, Georgia.

CMLS Stock Price History

CMLS Stock News Headlines

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Cumulus Media Reports Operating Results for 2023
CMLS Apr 2024 2.500 call
The Ed Mylett Show Joins the Cumulus Podcast Network
Cumulus Media Inc. - Ordinary Shares - Class A
BiggerPockets Podcast Network Moves to Cumulus
Cumulus Media Taps Collin Jones to Lead Westwood One
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Current Symbol
NASDAQ:CMLS
Employees
3,367
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.50
High Stock Price Target
$11.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+194.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-117,880,000.00
Pretax Margin
-11.92%

Debt

Sales & Book Value

Annual Sales
$844.55 million
Cash Flow
$4.19 per share
Book Value
$17.32 per share

Miscellaneous

Free Float
15,624,000
Market Cap
$53.84 million
Optionable
Optionable
Beta
1.50
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CMLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cumulus Media stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CMLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMLS, but not buy additional shares or sell existing shares.
View CMLS analyst ratings
or view top-rated stocks.

What is Cumulus Media's stock price target for 2024?

3 Wall Street analysts have issued 12 month price objectives for Cumulus Media's shares. Their CMLS share price targets range from $8.00 to $11.00. On average, they predict the company's stock price to reach $9.50 in the next year. This suggests a possible upside of 194.1% from the stock's current price.
View analysts price targets for CMLS
or view top-rated stocks among Wall Street analysts.

How have CMLS shares performed in 2024?

Cumulus Media's stock was trading at $5.32 at the beginning of 2024. Since then, CMLS stock has decreased by 39.3% and is now trading at $3.23.
View the best growth stocks for 2024 here
.

Are investors shorting Cumulus Media?

Cumulus Media saw a increase in short interest in March. As of March 15th, there was short interest totaling 245,200 shares, an increase of 52.4% from the February 29th total of 160,900 shares. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.1% of the company's stock are sold short.
View Cumulus Media's Short Interest
.

When is Cumulus Media's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CMLS earnings forecast
.

How were Cumulus Media's earnings last quarter?

Cumulus Media Inc. (NASDAQ:CMLS) released its quarterly earnings data on Tuesday, February, 27th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($0.59) by $2.01. The company earned $221.30 million during the quarter, compared to analyst estimates of $220.07 million. Cumulus Media had a negative trailing twelve-month return on equity of 17.50% and a negative net margin of 13.96%.

What is Mary G. Berner's approval rating as Cumulus Media's CEO?

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.

What other stocks do shareholders of Cumulus Media own?

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).

Who are Cumulus Media's major shareholders?

Cumulus Media's stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.36%), Bridgeway Capital Management LLC (0.96%), Federated Hermes Inc. (0.77%), GSA Capital Partners LLP (0.46%), Northern Trust Corp (0.40%) and UBS Group AG (0.37%). Insiders that own company stock include David Edward Milner and Richard Denning.
View institutional ownership trends
.

How do I buy shares of Cumulus Media?

Shares of CMLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CMLS) was last updated on 3/28/2024 by MarketBeat.com Staff

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