Blurbs

Noble Financial Thinks Beasley Broadcast Group’s Stock is Going to Recover

Noble Financial analyst Michael Kupinski maintained a Buy rating on Beasley Broadcast Group (BBGIResearch Report) today and set a price target of $3.00. The company’s shares closed last Monday at $1.27, close to its 52-week low of $1.23.

According to TipRanks.com, Kupinski is a 4-star analyst with an average return of 7.9% and a 40.6% success rate. Kupinski covers the Services sector, focusing on stocks such as E. W. Scripps Company Class A, Esports Entertainment Group, and Direct Digital Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Beasley Broadcast Group with a $3.00 average price target.

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Based on Beasley Broadcast Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $55.72 million and GAAP net loss of $3.74 million. In comparison, last year the company earned revenue of $48.21 million and had a GAAP net loss of $10.56 million.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BBGI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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