Gray Media (NYSE:GTN) Price Target Raised to $12.00 at Benchmark

Gray Media (NYSE:GTN) had its price target hoisted by investment analysts at Benchmark from $10.00 to $12.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 133.69% from the stock’s previous close.

A number of other brokerages have also recently issued reports on GTN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gray Media in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on Gray Media from $5.00 to $5.50 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Zacks Research raised Gray Media from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded Gray Media from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Gray Media Stock Down 12.7%

NYSE:GTN traded down $0.75 during mid-day trading on Friday, reaching $5.14. The stock had a trading volume of 1,163,180 shares, compared to its average volume of 1,369,726. The stock has a market cap of $524.22 million, a P/E ratio of 12.62 and a beta of 0.89. The business’s 50 day moving average is $4.65 and its 200 day moving average is $5.05. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.93 and a quick ratio of 0.93. Gray Media has a fifty-two week low of $3.13 and a fifty-two week high of $6.30.

Gray Media (NYSE:GTN) last posted its earnings results on Thursday, February 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04. Gray Media had a net margin of 2.81% and a return on equity of 5.50%. The firm had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $780.50 million. During the same period in the previous year, the company earned $1.59 earnings per share. The company’s revenue was down 24.2% compared to the same quarter last year. As a group, sell-side analysts predict that Gray Media will post 3.32 earnings per share for the current year.

Hedge Funds Weigh In On Gray Media

Several large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in Gray Media by 55.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,878,508 shares of the company’s stock valued at $13,932,000 after buying an additional 1,025,133 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Gray Media by 23.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,188,712 shares of the company’s stock valued at $25,113,000 after acquiring an additional 994,474 shares during the period. Penn Capital Management Company LLC grew its stake in shares of Gray Media by 43.6% in the third quarter. Penn Capital Management Company LLC now owns 3,236,997 shares of the company’s stock worth $18,758,000 after acquiring an additional 983,415 shares during the last quarter. DSC Meridian Capital LP bought a new position in Gray Media during the third quarter worth $5,432,000. Finally, AQR Capital Management LLC raised its stake in Gray Media by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,361,807 shares of the company’s stock valued at $6,169,000 after purchasing an additional 590,704 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Gray Media News Roundup

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Q4 results beat analyst expectations — Gray reported a smaller-than-expected loss (beats on EPS) and revenue topped estimates, with management saying Adjusted EBITDA exceeded consensus. Press Release / Slide Deck
• Positive Sentiment: The board declared a $0.08 quarterly cash dividend (annualized yield ~5.9%), which supports income-oriented holders and can provide demand support for the shares. Dividend Announcement
• Neutral Sentiment: Detailed Q4 earnings call transcripts and the slide presentation are available for investors who want management commentary on revenue drivers, ad trends and margin outlook. Earnings Call Transcript
• Neutral Sentiment: Coverage pieces and summaries (Zacks, MarketBeat) confirm the beats but also highlight the sharp YoY revenue decline, useful for context when modeling recovery timing. Zacks Article
• Negative Sentiment: Q1 2026 revenue guidance was lowered to roughly $755M–$770M, below consensus (~$779M), which raises near-term growth concerns and likely pressured the stock. See press release for guidance details.
• Negative Sentiment: Revenue is down ~24% year-over-year and the company reported a loss this quarter versus strong EPS the prior year, highlighting cyclical ad weakness — a material headwind for near-term profitability. Conference Call
• Negative Sentiment: Balance-sheet metrics (high leverage: debt-to-equity ~2.6; current ratio <1) may concern investors about financial flexibility if ad market weakness persists. See company filings for details.

Gray Media Company Profile

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.