Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by StockNews.com

Posted by on Jun 25th, 2023

Investment analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of BBGI opened at $0.93 on Friday. The firm has a market capitalization of $27.85 million, a PE ratio of -0.64 and a beta of 1.13. The company’s 50-day moving average is $0.99 and its 200-day moving average is $1.01. Beasley Broadcast Group has a fifty-two week low of $0.74 and a fifty-two week high of $1.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.81 and a quick ratio of 1.81.

Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The company reported ($0.12) EPS for the quarter. Beasley Broadcast Group had a negative return on equity of 0.69% and a negative net margin of 16.77%. The business had revenue of $57.78 million for the quarter. Equities analysts forecast that Beasley Broadcast Group will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

Several hedge funds have recently bought and sold shares of BBGI. Raymond James Financial Services Advisors Inc. bought a new position in Beasley Broadcast Group in the 1st quarter valued at about $27,000. Signaturefd LLC increased its holdings in Beasley Broadcast Group by 36.2% in the 4th quarter. Signaturefd LLC now owns 61,330 shares of the company’s stock valued at $56,000 after buying an additional 16,300 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Beasley Broadcast Group by 8.7% in the 1st quarter. Gabelli Funds LLC now owns 238,364 shares of the company’s stock valued at $195,000 after buying an additional 19,000 shares during the period. 10.59% of the stock is owned by institutional investors.

Beasley Broadcast Group Company Profile

(Get Rating)

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 also operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.

Read More

Receive News & Ratings for Beasley Broadcast Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beasley Broadcast Group and related companies with MarketBeat.com's FREE daily email newsletter.