Beasley Broadcast Group (NASDAQ:BBGI) Upgraded to “Strong-Buy” at Noble Financial

Beasley Broadcast Group (NASDAQ:BBGI) was upgraded by stock analysts at Noble Financial to a “strong-buy” rating in a report 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 also recently issued reports on BBGI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Wednesday, July 8th. Wall Street Zen raised shares of Beasley Broadcast Group to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Beasley Broadcast Group Price Performance

Shares of NASDAQ:BBGI opened at $20.77 on Tuesday. The business’s 50 day moving average price is $21.18 and its 200-day moving average price is $12.69. Beasley Broadcast Group has a 1 year low of $3.14 and a 1 year high of $29.30. The firm has a market capitalization of $37.59 million, a price-to-earnings ratio of -0.20 and a beta of 4.37.

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

Institutional Trading of Beasley Broadcast Group

A number of institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its position 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 purchasing an additional 5,475 shares in the last quarter. HRT Financial LP acquired a new position in Beasley Broadcast Group in the 4th quarter valued at $129,000. Susquehanna International Group LLP purchased a new position in Beasley Broadcast Group in the 3rd quarter valued at $85,000. Finally, Osaic Holdings Inc. purchased a new position in Beasley Broadcast Group in the 2nd quarter valued at $83,000. 21.73% of the stock is owned by institutional investors and hedge funds.

About Beasley Broadcast Group

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.