Gray Media Inc. (NYSE:GTN) Receives Average Recommendation of "Hold" from Analysts

Gray Media Inc. (NYSE:GTN - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.25.

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A number of research firms recently issued reports on GTN. Barrington Research reissued an "outperform" rating and set a $6.50 target price on shares of Gray Media in a research note on Tuesday, September 23rd. Wall Street Zen cut shares of Gray Media from a "hold" rating to a "sell" rating in a research note on Sunday, November 16th. Wells Fargo & Company boosted their target price on Gray Media from $5.00 to $5.50 and gave the stock an "equal weight" rating in a report on Monday, November 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of Gray Media in a report on Wednesday. Finally, Benchmark upped their price target on shares of Gray Media from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Monday, November 10th.

Check Out Our Latest Research Report on Gray Media

Insider Buying and Selling at Gray Media

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In other news, Director Richard Lee Boger sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total transaction of $116,400.00. Following the completion of the sale, the director owned 61,343 shares of the company's stock, valued at approximately $357,016.26. This represents a 24.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.22% of the company's stock.

Hedge Funds Weigh In On Gray Media

Several hedge funds and other institutional investors have recently modified their holdings of GTN. Acadian Asset Management LLC acquired a new stake in Gray Media in the first quarter valued at about $28,000. CWM LLC lifted its stake in Gray Media by 638.5% in the 1st quarter. CWM LLC now owns 9,615 shares of the company's stock valued at $42,000 after purchasing an additional 8,313 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Gray Media during the second quarter worth $55,000. Banco BTG Pactual S.A. acquired a new position in shares of Gray Media during the first quarter worth $57,000. Finally, Merit Financial Group LLC bought a new position in shares of Gray Media in the 3rd quarter valued at $59,000. Institutional investors own 78.64% of the company's stock.

Gray Media Price Performance

Gray Media stock traded up $0.15 on Friday, reaching $4.64. The company's stock had a trading volume of 1,192,339 shares, compared to its average volume of 1,404,348. The business's fifty day moving average price is $5.05 and its 200 day moving average price is $4.91. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87. Gray Media has a twelve month low of $2.91 and a twelve month high of $6.30. The company has a market cap of $473.17 million, a price-to-earnings ratio of 3.07 and a beta of 1.15.

Gray Media (NYSE:GTN - Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.17. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The firm had revenue of $749.00 million for the quarter, compared to analyst estimates of $745.25 million. During the same period last year, the company earned $0.86 EPS. The business's quarterly revenue was down 21.2% compared to the same quarter last year. Gray Media has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that Gray Media will post 3.32 earnings per share for the current fiscal year.

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.08 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.9%. Gray Media's dividend payout ratio (DPR) is presently 78.05%.

Gray Media Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.

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