Noble Financial analyst Michael Kupinski maintained a Buy rating on Beasley Broadcast Group (BBGI – Research Report) today and set a price target of $3.00. The company’s shares closed last Tuesday at $1.45, equals to its 52-week low of $1.45.
According to TipRanks.com, Kupinski is a 4-star analyst with an average return of 8.6% and a 41.7% success rate. Kupinski covers the Services sector, focusing on stocks such as Esports Entertainment Group, Salem Communications, and Isos Acquisition.
Beasley Broadcast Group has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.
Based on Beasley Broadcast Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $70.74 million and net profit of $10.58 million. In comparison, last year the company earned revenue of $68.46 million and had a net profit of $11.19 million.
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Beasley Broadcast Group, Inc. engages in the operation of radio stations. It owns and operates radio stations in the following markets: Atlanta, Augusta, Boston, Charlotte, Detroit, Fayetteville, Fort Myers-Naples, Greenville-New Bern-Jacksonville, Las Vegas, Philadelphia, Tampa-Saint Petersburg, West Palm Beach-Boca Raton and Wilmington. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.
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