Noble Financial analyst Michael Kupinski maintained a Buy rating on Cumulus Media Inc (CMLS) yesterday and set a price target of $26. The company’s shares closed yesterday at $18.47.
According to TipRanks.com, Kupinski is a 3-star analyst with an average return of 1.5% and a 45.5% success rate. Kupinski covers the Services sector, focusing on stocks such as Information Services Group, Salem Communications Corp, and Tribune Publishing Co.
Cumulus Media Inc has an analyst consensus of Moderate Buy, with a price target consensus of $26.
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Based on Cumulus Media Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $43.73 million. In comparison, last year the company had a GAAP net loss of $5 million.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMLS in relation to earlier this year.
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Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One, and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers.
