CMLS stock icon

Cumulus Media
CMLS

$1.84
2.13%
 

About: Cumulus Media Inc is an audio-first media company delivering content to over a quarter billion people every month wherever and whenever required. It is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.

Employees: 3,367

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

97% more call options, than puts

Call options by funds: $213K | Put options by funds: $108K

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

1.19% less ownership

Funds ownership: 40.25% [Q4 2023] → 39.05% (-1.19%) [Q1 2024]

2% less funds holding

Funds holding: 53 [Q4 2023] → 52 (-1) [Q1 2024]

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

34% less capital invested

Capital invested by funds: $34.7M [Q4 2023] → $22.9M (-$11.8M) [Q1 2024]

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$8
335%
upside
Avg. target
$8
335%
upside
High target
$8
335%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Barrington Research
James Goss
335%upside
$8
Outperform
Reiterated
27 Feb 2024

Financial journalist opinion