Noble Financial Upgrades Beasley Broadcast Group (NASDAQ:BBGI) to Strong-Buy

Beasley Broadcast Group (NASDAQ:BBGI) was upgraded by equities researchers at Noble Financial to a “strong-buy” rating in a research report issued 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.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen raised Beasley Broadcast Group to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Beasley Broadcast Group has a consensus rating of “Moderate Buy”.

Beasley Broadcast Group Stock Down 1.1%

Shares of NASDAQ:BBGI opened at $20.77 on Tuesday. Beasley Broadcast Group has a 52-week low of $3.14 and a 52-week high of $29.30. The business has a 50-day moving average price of $21.18 and a 200-day moving average price of $12.69. The stock has a market cap of $37.59 million, a price-to-earnings ratio of -0.20 and a beta of 4.37.

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

Institutional Trading of Beasley Broadcast Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBGI. Gamco Investors INC. ET AL increased its holdings in Beasley Broadcast Group by 9.5% in the first quarter. Gamco Investors INC. ET AL now owns 63,399 shares of the company’s stock valued at $212,000 after buying an additional 5,475 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Beasley Broadcast Group during the 3rd quarter worth about $85,000. Osaic Holdings Inc. acquired a new stake in shares of Beasley Broadcast Group during the 2nd quarter valued at about $83,000. Finally, HRT Financial LP acquired a new stake in shares of Beasley Broadcast Group during the 4th quarter valued at about $129,000. Institutional investors and hedge funds own 21.73% of the company’s stock.

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.