MediaCo (NASDAQ:MDIA) Announces Earnings Results

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

MediaCo Stock Up 0.0%

Shares of MDIA stock traded up $0.00 during trading hours on Friday, hitting $0.95. 6,132 shares of the company’s stock traded hands, compared to its average volume of 78,880. The stock has a market cap of $77.99 million and a PE ratio of -1.15. The stock’s 50 day simple moving average is $0.93 and its 200 day simple moving average is $0.81. MediaCo has a 12 month low of $0.54 and a 12 month high of $1.64.

Analysts Set New Price Targets

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

Institutional Trading of MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Citadel Advisors LLC bought a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & 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 SEC filing. Institutional investors and hedge funds own 64.01% of the company’s stock.

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.