Audacy upgraded by B. Riley Securities with a new price target
$AUD
Broadcasting
Consumer Discretionary
B. Riley Securities upgraded Audacy from Neutral to Buy and set a new price target of $5.00 from $4.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/13/2022 | $1.00 | Buy → Neutral | B. Riley Securities |
| 7/8/2022 | Equal Weight → Underweight | Wells Fargo | |
| 1/4/2022 | $3.00 | Overweight → Equal-Weight | Wells Fargo |
| 12/15/2021 | $4.00 → $5.00 | Neutral → Buy | B. Riley Securities |
Audacy, Inc. (NYSE:AUD, OTC:AUDA) today reported financial results for the quarter ended June 30, 2023. Second Quarter Summary Net revenues for the quarter were $298.5 million, down 6.6% compared to $319.4 million in the second quarter of 2022. Local spot was down 3.7%, while national spot was down 16.6% Digital revenues, were $66.7 million, down 4% compared to the second quarter of 2022. Local digital outperformed national, increasing 7.1% year-over-year Total operating expenses for the quarter were $433.8 million, which includes a gain on sale of $9.9 million and a non-cash impairment loss of $125.4 million, compared to $296.2 million in the second quarter of 2022, which includ
Audacy, Inc. (NYSE:AUD) today reported financial results for the quarter ended March 31, 2023. First Quarter Summary Net revenues for the quarter were $259.6 million, down 5.7% compared to $275.3 million in the first quarter of 2022 Digital revenues were $56.9 million, down 2% compared to the first quarter of 2022 Total operating expenses for the quarter were $271.8 million, which includes a gain on sale of $12.4 million and a non-cash impairment loss of $5.1 million, compared to $266.8 million in the first quarter of 2022, which included a gain on sale of $2.5 million and a non-cash impairment loss of $1.5 million Cash operating expenses were up 3% compared to the first quart
Audacy, Inc. (NYSE:AUD) will report its 2023 first quarter financial results before the market opens on Wednesday, May 10, 2023. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (877) 407-9208 or (201) 493-6784 five minutes prior to the start of the call and provide the following conference name: Audacy, Inc. First Quarter 2023 Earnings Call. Participants may also listen to a live webcast of the call by visiting https://viavid.webcasts.com/starthere.jsp?ei=1604276&tp_key=54bcc366c1. Questions will only be taken from p
Audacy Common Stock to Delist from NYSE NYSE Determination Has No Impact on Audacy's Business Strategy or Operations Audacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") today announced that its appeal of the determination by the New York Stock Exchange ("NYSE") to commence proceedings to delist Audacy's Class A Common Stock (the "Common Stock") from the NYSE was not successful. As a result, the NYSE today filed a Form 25 relating to the delisting from the NYSE of its Common Stock with the Securities and Exchange Commission (the "SEC"), which will become effective on or about November 10, 2023. Audacy stock has not been traded on the NYSE since May when the NYSE notified Auda
Continues to Engage in Discussions with Lenders to Deleverage Balance Sheet and Improve Capital Structure to Position Company for Long-Term Growth Elects to Utilize Grace Period for Interest Payment Due on Senior Secured 2029 Notes Decision Does Not Impact Day-to-Day Operations or Other Obligations to Advertisers, Employees or Other Stakeholders Audacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") today provided an update on its ongoing discussions with lenders to refinance its debt and optimize the Company's balance sheet to position the Company for long-term growth, capitalizing on its scaled leadership position across the audio market. To continue to facilitate its discu
Boostr's Order Management System will enhance Audacy's Local Digital Audio Ad Sales processes. NEW YORK, Sept. 7, 2023 /PRNewswire-PRWeb/ -- Boostr (https://www.boostr.com/), the only advertising management platform built specifically to help complex media organizations scale, today announced Audacy as a new client. Boostr will provide its industry-leading order management system (OMS) solution to Audacy, the leading multi-platform audio content and entertainment organization with the country's best collection of local music, news, and sports brands. Audacy will leverage Boostr's OMS to bolster digital audio advertising campaigns supporting its local markets. Boostr's OMS provides real-time
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
8-K - AUDACY, INC. (0001067837) (Filer)
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4 - AUDACY, INC. (0001067837) (Issuer)
B. Riley Securities downgraded Audacy from Buy to Neutral and set a new price target of $1.00
Wells Fargo downgraded Audacy from Equal Weight to Underweight and set a new price target of $0.00 from $2.00 previously
Wells Fargo downgraded Audacy from Overweight to Equal-Weight and set a new price target of $3.00
SC 13G/A - AUDACY, INC. (0001067837) (Subject)
SC 13G/A - AUDACY, INC. (0001067837) (Subject)
SC 13G - AUDACY, INC. (0001067837) (Subject)
Audacy Common Stock to Delist from NYSENYSE Determination Has No Impact on Audacy's Business Strategy or OperationsAudacy, Inc. (NYSE:AUD, OTC:AUDA) (the "Company" or "Audacy") today announced that its appeal of the determination by the New York Stock Exchange ("NYSE") to commence proceedings to delist Audacy's Class A Common Stock (the "Common Stock") from the NYSE was not successful. As a result, the NYSE today filed a Form 25 relating to the delisting from the NYSE of its Common Stock with the Securities and Exchange Commission (the "SEC"), which will become effective on or about November 10, 2023.Audacy stock has not been traded on the NYSE since May when the NYSE notified Audacy that it
Audacy (NYSE:AUD) reported quarterly losses of $(26.64) per share. This is a 266300 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $298.51 million in sales this quarter. This is a 6.55 percent decrease over sales of $319.44 million the same period last year.