Analysts Set Gray Media Inc. (NYSE:GTN) PT at $6.88

Shares of Gray Media Inc. (NYSE:GTN) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.8750.

A number of equities analysts recently issued reports on GTN shares. Wells Fargo & Company upped their price target on shares of Gray Media from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, August 11th. Barrington Research reiterated an “outperform” rating and issued a $6.50 price target on shares of Gray Media in a research note on Tuesday, September 23rd. Guggenheim upped their price target on shares of Gray Media from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Wall Street Zen cut shares of Gray Media from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings cut shares of Gray Media from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th.

Insider Transactions at Gray Media

In other Gray Media news, Director Richard Lee Boger sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total transaction of $116,400.00. Following the transaction, the director owned 61,343 shares in the company, valued at approximately $357,016.26. This represents a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.22% of the company’s stock.

Hedge Funds Weigh In On Gray Media

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Gray Media during the 1st quarter valued at about $28,000. CWM LLC lifted its stake in Gray Media by 638.5% during the 1st quarter. CWM LLC now owns 9,615 shares of the company’s stock valued at $42,000 after acquiring an additional 8,313 shares during the period. Merit Financial Group LLC bought a new position in Gray Media during the 3rd quarter valued at about $59,000. Pallas Capital Advisors LLC bought a new position in Gray Media during the 2nd quarter valued at about $55,000. Finally, Banco BTG Pactual S.A. bought a new position in Gray Media during the 1st quarter valued at about $57,000. Institutional investors own 78.64% of the company’s stock.

Gray Media Stock Performance

Shares of GTN stock opened at $4.56 on Tuesday. Gray Media has a 12 month low of $2.91 and a 12 month high of $6.30. The stock has a market cap of $465.72 million, a PE ratio of 3.02 and a beta of 1.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56. The company’s fifty day moving average price is $5.43 and its 200-day moving average price is $4.78.

Gray Media (NYSE:GTN) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). The firm had revenue of $772.00 million during the quarter, compared to the consensus estimate of $765.16 million. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. Gray Media has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Gray Media will post 3.32 EPS for the current fiscal year.

Gray Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 7.0%. Gray Media’s dividend payout ratio is currently 21.19%.

Gray Media Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.