MediaCo (NASDAQ:MDIA) Releases Quarterly Earnings Results

MediaCo (NASDAQ:MDIA) issued its quarterly earnings results on Tuesday. The company reported ($0.40) earnings per share for the quarter, FiscalAI reports. The company had revenue of $38.66 million during the quarter.

MediaCo Trading Up 13.1%

NASDAQ MDIA opened at $0.74 on Thursday. The stock has a market capitalization of $60.96 million, a price-to-earnings ratio of -1.38 and a beta of -0.16. The business’s 50 day moving average is $0.64 and its two-hundred day moving average is $0.85. MediaCo has a 12-month low of $0.54 and a 12-month high of $1.60.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MediaCo in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MediaCo currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MediaCo stock. Citadel Advisors LLC bought a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo as of its most recent filing with the Securities & Exchange Commission. 64.01% of the stock is owned by institutional investors and hedge funds.

MediaCo Company Profile

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.