Gray Media (NYSE:GTN) Cut to Sell at Wall Street Zen

Gray Media (NYSE:GTN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

A number of other equities research analysts have also recently issued reports on GTN. Weiss Ratings cut Gray Media from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Benchmark upped their target price on shares of Gray Media from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 10th. Barrington Research reiterated an “outperform” rating and set a $6.50 price target on shares of Gray Media in a report on Tuesday, September 23rd. Wells Fargo & Company raised their price objective on Gray Media from $5.00 to $5.50 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Guggenheim increased their price target on Gray Media from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.25.

Gray Media Stock Down 4.4%

Gray Media stock opened at $4.63 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56. Gray Media has a 1-year low of $2.91 and a 1-year high of $6.30. The company has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $4.88. The company has a market cap of $472.46 million, a P/E ratio of 3.06 and a beta of 1.15.

Gray Media (NYSE:GTN) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.17. The company had revenue of $749.00 million during the quarter, compared to the consensus estimate of $745.25 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The company’s quarterly revenue was down 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. Gray Media has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that Gray Media will post 3.32 earnings per share for the current fiscal year.

Insider Activity at Gray Media

In other news, Director Richard Lee Boger sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total transaction of $116,400.00. Following the completion of the sale, the director owned 61,343 shares of the company’s stock, valued at approximately $357,016.26. This represents a 24.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Gray Media by 6.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 59,957 shares of the company’s stock valued at $333,000 after purchasing an additional 3,493 shares during the last quarter. Choreo LLC raised its stake in Gray Media by 13.2% during the first quarter. Choreo LLC now owns 30,374 shares of the company’s stock worth $131,000 after acquiring an additional 3,547 shares in the last quarter. Nebula Research & Development LLC lifted its holdings in shares of Gray Media by 4.6% in the second quarter. Nebula Research & Development LLC now owns 129,984 shares of the company’s stock worth $589,000 after acquiring an additional 5,686 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Gray Media in the first quarter worth about $28,000. Finally, CWM LLC boosted its stake in shares of Gray Media by 638.5% in the 1st quarter. CWM LLC now owns 9,615 shares of the company’s stock valued at $42,000 after purchasing an additional 8,313 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

About Gray Media

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.