Beasley Broadcast Group (NASDAQ:BBGI) Receives New Coverage from Analysts at StockNews.com

Posted by Renee Jackson on Apr 28th, 2024

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Trading Up 6.2 %

Shares of BBGI stock opened at $0.74 on Wednesday. Beasley Broadcast Group has a 52-week low of $0.60 and a 52-week high of $1.28. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $0.81. The company has a market capitalization of $22.54 million, a price-to-earnings ratio of -0.30 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last issued its quarterly earnings data on Monday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. The firm had revenue of $65.75 million during the quarter, compared to the consensus estimate of $66.05 million. Research analysts anticipate that Beasley Broadcast Group will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Beasley Broadcast Group

An institutional investor recently raised its position in Beasley Broadcast Group stock. Gamco Investors INC. ET AL grew its stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Free Report) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 730,450 shares of the company’s stock after acquiring an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned about 2.44% of Beasley Broadcast Group worth $636,000 at the end of the most recent reporting period. 21.73% of the stock is owned by hedge funds and other institutional investors.

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.