Key Points
- Insider selling: Lemuel Deon Levingston sold 2,891 Radio One shares at an average price of $5.40, totaling $15,611.40, reducing his ownership by 28.52% to 7,246 shares. He also sold 1,925 shares in three other transactions from August 6–10.
- Weak financial and stock performance: UONE opened at $5.08, compared with a 12-month high of $18.50, and reported a quarterly loss of $0.69 per share on $77.65 million in revenue. The company posted negative net margin and return on equity, alongside a debt-to-equity ratio of 20.77.
- Negative analyst sentiment: Weiss Ratings maintained a “sell (e+)” rating, and the stock has a consensus “Sell” rating from the one analyst covering it. Institutional investors and hedge funds own 8.23% of the company, while Barclays increased its stake by 11.5%.
Radio One, Inc. (NASDAQ:UONE - Get Free Report) insider Lemuel Deon Levingston sold 2,891 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $5.40, for a total value of $15,611.40. Following the completion of the sale, the insider owned 7,246 shares in the company, valued at $39,128.40. This represents a 28.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Lemuel Deon Levingston also recently made the following trade(s):
- On Monday, August 10th, Lemuel Deon Levingston sold 88 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total transaction of $475.20.
- On Friday, August 7th, Lemuel Deon Levingston sold 1,677 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total transaction of $9,055.80.
- On Thursday, August 6th, Lemuel Deon Levingston sold 160 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total transaction of $864.00.
Radio One Stock Performance
NASDAQ UONE opened at $5.08 on Friday. The firm has a market cap of $22.98 million, a P/E ratio of -0.34 and a beta of 0.84. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 20.77. The company's 50 day moving average is $5.27 and its 200-day moving average is $7.18. Radio One, Inc. has a 12-month low of $4.63 and a 12-month high of $18.50.
Radio One (NASDAQ:UONE - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) EPS for the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.The business had revenue of $77.65 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Radio One stock. Barclays PLC grew its stake in shares of Radio One, Inc. (NASDAQ:UONE - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,410 shares of the company's stock after buying an additional 8,098 shares during the period. Barclays PLC owned 1.74% of Radio One worth $81,000 at the end of the most recent reporting period. 8.23% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Radio One in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".
Get Our Latest Stock Analysis on Radio One
Radio One Company Profile
(
Get Free Report)
Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company's core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One's radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.
In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
