Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

Posted by Patrick Bannon on Nov 19th, 2024

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

Beasley Broadcast Group Stock Performance

NASDAQ BBGI opened at $8.40 on Monday. The company has a market capitalization of $14.87 million, a price-to-earnings ratio of 5.03 and a beta of 0.97. Beasley Broadcast Group has a fifty-two week low of $7.66 and a fifty-two week high of $20.00. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.77.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. The business had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. During the same quarter in the prior year, the company earned $1.80 EPS. On average, sell-side analysts expect that Beasley Broadcast Group will post -1.2 earnings per share for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC. 21.73% of the stock is owned by institutional investors.

Beasley Broadcast Group Company Profile

(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.