StockNews.com Initiates Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Posted by ABMN Staff on Nov 2nd, 2024

Stock analysts at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a report released on Saturday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Down 0.3 %

BBGI stock opened at $12.54 on Friday. The stock has a market cap of $19.06 million, a P/E ratio of -0.31 and a beta of 0.99. Beasley Broadcast Group has a 12 month low of $8.45 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.77 and a quick ratio of 1.77.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.40. The firm had revenue of $60.44 million for the quarter, compared to the consensus estimate of $60.80 million. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. During the same quarter in the previous year, the firm earned ($1.60) EPS. As a group, research analysts forecast that Beasley Broadcast Group will post -1.2 earnings per share for the current fiscal year.

Institutional Trading of Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group at the end of the most recent quarter. Hedge funds and other institutional investors own 21.73% of the company’s stock.

About Beasley Broadcast Group

(Get Free Report)

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.