MediaCo (NASDAQ:MDIA) Releases Earnings Results

MediaCo (NASDAQ:MDIA) posted its quarterly earnings results on Friday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $33.97 million for the quarter.

MediaCo Stock Up 0.0%

Shares of MediaCo stock traded up $0.00 on Friday, hitting $0.95. The company’s stock had a trading volume of 6,132 shares, compared to its average volume of 78,880. The company has a market capitalization of $77.99 million and a P/E ratio of -1.14. MediaCo has a 52-week low of $0.54 and a 52-week high of $1.64. The firm has a fifty day moving average price of $0.93 and a 200-day moving average price of $0.81.

Hedge Funds Weigh In On MediaCo

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.