Wall Street analysts’ outlook for MediaCo Holding Inc. (MDIA)

MediaCo Holding Inc. (NASDAQ: MDIA) stock jumped 13.81% on Friday to $3.79 against a previous-day closing price of $3.33. With 1.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $3.7900 whereas the lowest price it dropped to was $2.7600. The 52-week range on MDIA shows that it touched its highest point at $12.55 and its lowest point at $1.49 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MDIA was up-trending over the past week, with a rise of 94.36%, but this was up by 64.78% over a month. Three-month performance surged to 51.60% while six-month performance fell -22.97%. The stock lost -35.87% in the past year, while it has lost -29.16% so far this year.

Float and Shares Shorts:

At present, 7.56 million MDIA shares are outstanding with a float of 2.29 million shares on hand for trading. On Jul 14, 2022, short shares totaled 17970.0, which was 0.21% higher than short shares on Jun 14, 2022. In addition to Mr. Rahsan-Rahsan Lindsay as the firm’s CEO & Director, Mr. Bradford A. Tobin serves as its COO, Pres, Sec. & Gen. Counsel.

Institutional Ownership:

Through their ownership of 33.04% of MDIA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.17% of MDIA, in contrast to 38.34% held by mutual funds. Shares owned by individuals account for 24.12%. As the largest shareholder in MDIA with 18.11% of the stake, Standard General LP holds 569,919 shares worth 569,919. A second-largest stockholder of MDIA, The Vanguard Group, Inc., holds 100,319 shares, controlling over 3.19% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in MDIA, holding 60,700 shares or 1.93% stake. With a 2.15% stake in MDIA, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 67,571 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.04% of MDIA stock, is the second-largest Mutual Fund holder. It holds 32,748 shares valued at 69426.0. Bridgeway Omni Small Cap Value Fu holds 0.41% of the stake in MDIA, owning 12,992 shares worth 27543.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MDIA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MDIA analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

Summary of Insider Activity:

Insiders traded MDIA stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 9,630 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 258,252 while 239,541 shares were sold.

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