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 twelve months. 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 research 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 anticipate the company's share price to reach $9.50 in the next year. This suggests a possible upside of 226.5% 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 the year. Since then, CMLS shares have decreased by 45.3% and is now trading at $2.91. View the best growth stocks for 2024 here .

Are investors shorting Cumulus Media?

Cumulus Media saw a increase in short interest during the month of 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 currently 4.0 days. Approximately 2.5% of the shares of the company 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) issued 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) .

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 .

NASDAQ:CMLS

Cumulus Media (CMLS) Stock Price, News & Analysis

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Free CMLS Stock Alerts

$2.91

-0.21 (-6.73%)

(As of 04/15/2024 ET)

Compare

Today's Range: $2.84
▼
$3.13
50-Day Range: $2.99
▼
$4.70
52-Week Range: $2.57
▼
$6.59

Volume: 42,054 shs
Average Volume: 70,424 shs
Market Capitalization: $48.52 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.50

Get Cumulus Media alerts:

Cumulus Media MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 226.5% Upside
$9.50 Price Target
Short Interest: Bearish
2.47% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.56
Based on 5 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.

1.75 out of 5 stars

Consumer Discretionary Sector

205th out of 266 stocks

Radio Broadcasting Stations Industry

7th out of 8 stocks

3.2

Analyst's Opinion

Consensus Rating
Cumulus Media has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Cumulus Media has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.47% of the float of Cumulus Media has been sold short.
Short Interest Ratio / Days to Cover
Cumulus Media has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Cumulus Media has recently increased by 19.86%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Cumulus Media does not currently pay a dividend.
Dividend Growth
Cumulus Media does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CMLS.

2.5

News and Social Media Coverage

News Sentiment
Cumulus Media has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Cumulus Media this week, compared to 1 article on an average week.
Search Interest
1 people have searched for CMLS on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Cumulus Media to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cumulus Media insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Cumulus Media is held by insiders.
Percentage Held by Institutions
48.68% of the stock of Cumulus Media is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cumulus Media are expected to grow in the coming year, from ($1.80) to ($1.57) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cumulus Media is -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cumulus Media is -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cumulus Media has a P/B Ratio of 0.17. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

CMLS Stock News Headlines

April 15, 2024 | globenewswire.com

Cumulus Media Announces Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

April 10, 2024 | globenewswire.com

Cumulus Media Announces New Further Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

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April 3, 2024 | msn.com

Cloud cover forecast ratchets up anxiety for solar eclipse watchers

April 3, 2024 | msn.com

Which type of clouds make it harder to see the April 8 solar eclipse? Here’s what to know

April 3, 2024 | globenewswire.com

Cumulus Media Announces Further Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

March 31, 2024 | msn.com

Why low-level clouds vanish during a solar eclipse

March 30, 2024 | forbes.com

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March 30, 2024 | forbes.com

Music Industry Annual Reports Show Stable Growth And YouTube Strength

March 28, 2024 | finance.yahoo.com

Cumulus Media’s Westwood One Presents Exclusive Live Audio Coverage of the 2024 NCAA® Women’s Basketball Championship

March 27, 2024 | globenewswire.com

Cumulus Media Announces Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

March 19, 2024 | finance.yahoo.com

Cumulus Media’s Westwood One Presents Exclusive Multiplatform Audio Coverage of the 2024 NCAA® Men’s Basketball Tournament

March 12, 2024 | globenewswire.com

Cumulus Media Announces Extension of Early Tender Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

March 7, 2024 | finance.yahoo.com

Cumulus Media’s Westwood One Presents Audio Coverage of 2024 College Basketball Conference Championship Week

March 7, 2024 | globenewswire.com

Cumulus Media's Westwood One Presents Audio Coverage of 2024 College Basketball Conference Championship Week

February 29, 2024 | seekingalpha.com

Cumulus Media Inc. (CMLS) Q4 2023 Earnings Call Transcript

February 29, 2024 | msn.com

Barrington Research Downgrades Cumulus Media (CMLS)

February 29, 2024 | markets.businessinsider.com

Cumulus Media: Maintaining Hold Rating Amid Slow Digital Growth and High Leverage Concerns

February 28, 2024 | finance.yahoo.com

Cumulus Media Inc. (NASDAQ:CMLS) Q4 2023 Earnings Call Transcript

February 27, 2024 | globenewswire.com

Cumulus Media Announces Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

February 27, 2024 | globenewswire.com

Cumulus Media Reports Operating Results for 2023

February 22, 2024 | globenewswire.com

Cumulus Media Inc. Adopts Limited-Duration Shareholder Rights Plan

February 19, 2024 | finance.yahoo.com

CMLS Apr 2024 2.500 call

February 13, 2024 | markets.businessinsider.com

Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results

February 8, 2024 | markets.businessinsider.com

Westwood One Presents Super Bowl LVIII Game-Day Coverage With an All-Pro Broadcast Team

January 29, 2024 | finance.yahoo.com

The past five years for Cumulus Media (NASDAQ:CMLS) investors has not been profitable

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/16/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Radio broadcasting stations
Sub-Industry: N/A
Current Symbol: NASDAQ:CMLS
CUSIP: N/A
CIK: 1058623
Web: www.cumulus.com
Phone: (404) 949-0700
Fax: 404-949-0740
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: +226.5%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($7.01)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-117,880,000.00
Net Margins: -13.96%
Pretax Margin: -11.92%
Return on Equity: -17.50%
Return on Assets: -4.15%

Debt

Debt-to-Equity Ratio: 3.06
Current Ratio: 2.00
Quick Ratio: 2.00

Sales & Book Value

Annual Sales: $844.55 million
Price / Sales: 0.06
Cash Flow: $4.10 per share
Price / Cash Flow: 0.71
Book Value: $17.32 per share
Price / Book: 0.17

Miscellaneous

Outstanding Shares: 16,674,000
Free Float: 15,373,000
Market Cap: $48.52 million
Optionable: Optionable
Beta: 1.49

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Key Executives

Ms. Mary G. Berner (Age 65)
President, CEO & Director
Comp: $3.22M
Mr. Francisco J. Lopez-Balboa (Age 63)
Executive VP, CFO Treasurer and Principal Accounting & Financial Officer
Comp: $1.78M
Mr. Richard S. Denning (Age 57)
Executive VP, Secretary & General Counsel
Comp: $963.1k
Mr. Dave Milner (Age 55)
President of Operations
Mr. Robert J Walker (Age 63)
President of Operations
Mr. Conrad Trautmann
Chief Technology Officer
Mr. Collin Jones (Age 36)
Executive VP of Corporate Strategy & Development and President of Westwood One
Ms. Christina P. Albee
Chief Marketing Officer
Ms. Suzanne M. Grimes (Age 65)
Executive Vice President of Corporate Marketing
Comp: $960k
Mr. Brian Philips
Chief Content Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 twelve months. 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 research 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 anticipate the company's share price to reach $9.50 in the next year. This suggests a possible upside of 226.5% 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 the year. Since then, CMLS shares have decreased by 45.3% and is now trading at $2.91.
View the best growth stocks for 2024 here.
Are investors shorting Cumulus Media?: Cumulus Media saw a increase in short interest during the month of 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 currently 4.0 days. Approximately 2.5% of the shares of the company 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) issued 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).
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 4/16/2024 by MarketBeat.com Staff

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