Cumulus Media (CMLS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $0.71 to $0.75
• 50-Day Range: $0.69 to $1.34
• 52-Week Range: $0.68 to $5.51
• Volume: 67,790 shs
• Average Volume: 51,312 shs
• Market Capitalization: $12.75 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.00
• Consensus Rating: Hold

Cumulus Media Stock Analysis - MarketRank™

Cumulus Media scored higher than 30% of companies evaluated by MarketBeat, and ranked 235th out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Cumulus Media has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cumulus Media has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Cumulus Media are expected to decrease in the coming year, from ($2.71) to ($3.24) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cumulus Media is -0.08, 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 -0.08, 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 0.04. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.26% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cumulus Media has recently decreased by 3.00%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cumulus Media does not currently pay a dividend.

Dividend Growth

Cumulus Media does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.26% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cumulus Media has recently decreased by 3.00%, indicating that investor sentiment is improving.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 3 news articles for Cumulus Media this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

CMLS Stock Analysis - Frequently Asked Questions

How have CMLS shares performed this year?

Cumulus Media's stock was trading at $5.32 on January 1st, 2024. Since then, CMLS shares have decreased by 85.9% and is now trading at $0.7507.
View the best growth stocks for 2024 here.

How were Cumulus Media's earnings last quarter?

Cumulus Media Inc. (NASDAQ:CMLS) released its quarterly earnings data on Friday, November, 1st. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.54) by $0.07. The firm earned $203.60 million during the quarter, compared to the consensus estimate of $204.05 million. Cumulus Media had a negative net margin of 18.11% and a negative trailing twelve-month return on equity of 30.27%.

Who are Cumulus Media's major shareholders?

Cumulus Media's top institutional shareholders include Garden State Investment Advisory Services LLC (0.86%) and Y Intercept Hong Kong Ltd (0.11%). 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.

What other stocks do shareholders of Cumulus Media own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cumulus Media investors own include Peabody Energy (BTU), Ashford Hospitality Trust (AHT), Energy Transfer (ET), PlayAGS (AGS), Assertio (ASRT), Astronics (ATRO) and CONSOL Coal Resources (CCR).

Company Calendar

• Last Earnings: 11/01/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Radio broadcasting stations
• Sub-Industry: Communication
• 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: $8.00
• High Stock Price Target: $8.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +965.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($9.04)
• 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: -18.11%
• Pretax Margin: -15.70%
• Return on Equity: -30.27%
• Return on Assets: -5.62%

Debt

• Debt-to-Equity Ratio: 3.68
• Current Ratio: 1.89
• Quick Ratio: 1.89

Sales & Book Value

• Annual Sales: $829.80 million
• Price / Sales: 0.02
• Cash Flow: $4.17 per share
• Price / Cash Flow: 0.18
• Book Value: $17.32 per share
• Price / Book: 0.04

Miscellaneous

• Outstanding Shares: 16,986,000
• Free Float: 16,442,000
• Market Cap: $12.75 million
• Optionable: Optionable
• Beta: 1.31