Urban One Inc. (NASDAQ: UONE) Loses -91.71% From High. Why That Could Change?


    Renaissance Technologies LLC recently announced the acquisition of new stake in Urban One Inc. (NASDAQ:UONE). The institutional investor has increased its shareholding in the Communication Services company by 11.95% to 0.1 million shares with purchase of 11200.0 shares. This fresh investment now brings its stake to 6.63% valued currently at $1.34 million. In addition, BlackRock Fund Advisors raised its holdings by 3858.0 to 4091.0 shares.

    With over 16.59 million Urban One Inc. (UONE) shares trading Tuesday and a closing price of $4.49 on the day, the dollar volume was approximately $74.5 million. The shares have shown a negative weekly performance of -38.74% and its price on 08/25/20 gained nearly 8.19%. Currently, there are 1.58M common shares owned by the public.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for UONE have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $6.00 should the stock experience a downside. But an upside of 25.17% will see the stock hit the forecast high price target while mean target price for the stock is $6.00.

    Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 1,484,988 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 2,356,901 shares.

    The top 3 mutual fund holders in Urban One Inc. are Zazove Convertible Securities Fun, Dimensional Funds Plc – World Equ, and Fidelity Total Market Index Fund. Zazove Convertible Securities Fun owns 0.68 million shares of the company’s stock, all valued at over $8.7 million. Dimensional Funds Plc – World Equ sold 4146.0 shares to see its total holdings shrink to 5662.0 shares valued at over $72474.0 and representing 0.36% of the shares outstanding. Fidelity Total Market Index Fund now owns shares totaling to 0.35% of the shares outstanding.

    Shares of Urban One Inc. (NASDAQ: UONE) opened at $6.54, up $2.39 from a prior closing price of $4.15. However, the script later closed the day at $4.49, up 8.19%. The company’s stock has a 5-day price change of -38.74% and 259.20% over the past three months. UONE shares are trading 122.18% year to date (YTD), with the 12-month market performance up to 124.50% higher. It has a 12-month low price of $0.95 and touched a high of $54.16 over the same period. Currently, 16.59 million shares have been traded, compared to an average intraday trading volume of 3.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -57.08%, -69.88%, and -11.07% respectively.

    Institutional ownership of Urban One Inc. (NASDAQ: UONE) shares accounts for 8.02% of the company’s 1.58M shares outstanding. Mutual fund holders own 36.33%, while other institutional holders and individual stakeholders account for 44.56% and -36.60% respectively.

    It has a market capitalization of $7.10M. The earnings-per-share (ttm) stands at -$0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.37% over the week and 13.31% over the month.

    Analysts forecast that Urban One Inc. (UONE) will achieve an EPS of $Urban One, Inc. for the current quarter, $1.30 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Lonestar Resources US Inc. while analysts give the company a high EPS estimate of $OneSmart International Educatio. Comparatively, EPS for the current quarter was $CyrusOne Inc a year ago.

    Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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