Cumulus Media (CMLS) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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3 equities research analysts have issued twelve-month price targets for Cumulus Media's shares. Their CMLS share price targets range from $8.00 to $11.00. On average, they predict the company's share price to reach $9.50 in the next year. This suggests a possible upside of 245.5% from the stock's current price.
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Cumulus Media's stock was trading at $5.32 at the beginning of 2024. Since then, CMLS stock has decreased by 48.3% and is now trading at $2.75.
View the best growth stocks for 2024 here.

Cumulus Media saw a increase in short interest in March. As of March 31st, there was short interest totaling 293,900 shares, an increase of 19.9% from the March 15th total of 245,200 shares. Based on an average daily volume of 72,700 shares, the short-interest ratio is presently 4.0 days. Currently, 2.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CMLS earnings forecast.

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

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.

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).

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.
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