Beasley Broadcast Group (NASDAQ:BBGI) Rating Increased to Strong-Buy at Noble Financial

Noble Financial upgraded shares of Beasley Broadcast Group (NASDAQ:BBGI) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports. Noble Financial also issued estimates for Beasley Broadcast Group’s Q2 2026 earnings at ($1.32) EPS, Q3 2026 earnings at ($0.70) EPS, Q4 2026 earnings at $2.61 EPS, FY2026 earnings at $2.25 EPS, FY2027 earnings at ($1.02) EPS and FY2028 earnings at $2.26 EPS.

Several other research firms have also recently weighed in on BBGI. Wall Street Zen upgraded shares of Beasley Broadcast Group to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Beasley Broadcast Group in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $20.77 on Tuesday. The business’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $12.69. Beasley Broadcast Group has a fifty-two week low of $3.14 and a fifty-two week high of $29.30. The stock has a market capitalization of $37.59 million, a PE ratio of -0.20 and a beta of 4.37.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Wednesday, May 13th. The company reported $1.77 earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 27.43% and a negative net margin of 95.51%.The business had revenue of $42.59 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BBGI. Gamco Investors INC. ET AL grew its holdings in shares of Beasley Broadcast Group by 9.5% during the first quarter. Gamco Investors INC. ET AL now owns 63,399 shares of the company’s stock worth $212,000 after buying an additional 5,475 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Beasley Broadcast Group in the 3rd quarter valued at approximately $85,000. Osaic Holdings Inc. bought a new stake in Beasley Broadcast Group in the 2nd quarter valued at approximately $83,000. Finally, HRT Financial LP acquired a new position in Beasley Broadcast Group during the 4th quarter worth approximately $129,000. 21.73% of the stock is currently owned by institutional investors.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.