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

Posted by Donald Scott on Oct 11th, 2024

Equities researchers at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $12.80 on Wednesday. Beasley Broadcast Group has a 12-month low of $8.45 and a 12-month high of $20.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $388.27 million, a PE ratio of -5.35 and a beta of 0.99.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The company had revenue of $60.44 million for the quarter, compared to analysts’ expectations of $60.80 million. During the same period in the previous year, the company posted ($0.08) EPS. On average, analysts forecast that Beasley Broadcast Group will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Beasley Broadcast Group

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

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.