Today, the Princ. Acctg Off., VP,Treas. of Entercom Communications (NYSE: ETM), Eugene Levin, bought shares of ETM for $20.1K.
Following this transaction Eugene Levin’s holding in the company was increased by 16.22% to a total of $170.2K. In addition to Eugene Levin, 4 other ETM executives reported Buy trades in the last month.
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Based on Entercom Communications’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $301 million and GAAP net loss of $13.88 million. In comparison, last year the company earned revenue of $97.45 million and had a GAAP net loss of $9.33 million. ETM’s market cap is $1.08B and the company has a P/E ratio of 2.73. Currently, Entercom Communications has an average volume of 1.6M.
In the last 30 days, insiders have sold $658.5K worth of ETM shares and purchased $4.34M worth of ETM shares. The insider sentiment on Entercom Communications has been positive according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Entercom Communications Corp. operates as a radio broadcasting company with a portfolio of radio stations in top markets across the United States. It focuses on creating marketing solutions that incorporate the company’s audio, digital, and experiential assets. The company was founded by Joseph M. Field in 1968 and is headquartered in Bala Cynwyd, PA.
