Wells Fargo & Company Cuts E.W. Scripps (NASDAQ:SSP) Price Target to $3.80

Posted by Geri Gentry on Aug 14th, 2026

E.W. Scripps (NASDAQ:SSP – Free Report) had its target price reduced by Wells Fargo & Company from $4.70 to $3.80 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of E.W. Scripps in a research report on Friday, May 29th. Zacks Research upgraded shares of E.W. Scripps from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen upgraded shares of E.W. Scripps to a “hold” rating in a research report on Saturday, August 1st. Finally, Benchmark cut their target price on shares of E.W. Scripps from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.90.

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E.W. Scripps Stock Down 1.2%

Shares of E.W. Scripps stock opened at $3.35 on Tuesday. E.W. Scripps has a one year low of $2.02 and a one year high of $5.39. The company has a debt-to-equity ratio of 24.77, a current ratio of 1.34 and a quick ratio of 1.58. The stock’s 50-day moving average is $3.02 and its 200 day moving average is $3.57. The firm has a market cap of $306.66 million, a price-to-earnings ratio of -0.24 and a beta of 0.65.

E.W. Scripps (NASDAQ:SSP – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.19. E.W. Scripps had a negative return on equity of 3.84% and a negative net margin of 58.02%.The business had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $511.65 million. Equities research analysts anticipate that E.W. Scripps will post -0.29 EPS for the current year.

Insider Transactions at E.W. Scripps

In other E.W. Scripps news, major shareholder Molly E. Mccabe sold 142,970 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $3.48, for a total value of $497,535.60. Following the completion of the sale, the insider owned 123,523 shares of the company’s stock, valued at approximately $429,860.04. This trade represents a 53.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 266,493 shares of company stock valued at $916,278 in the last 90 days. 5.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On E.W. Scripps

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its position in E.W. Scripps by 8.6% in the 1st quarter. Empowered Funds LLC now owns 316,113 shares of the company’s stock valued at $936,000 after purchasing an additional 25,070 shares during the period. Strs Ohio acquired a new position in E.W. Scripps during the first quarter worth $117,000. Geode Capital Management LLC lifted its stake in shares of E.W. Scripps by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,516,298 shares of the company’s stock valued at $4,459,000 after buying an additional 10,957 shares in the last quarter. Creative Planning grew its holdings in shares of E.W. Scripps by 111.4% during the second quarter. Creative Planning now owns 49,518 shares of the company’s stock valued at $146,000 after buying an additional 26,090 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of E.W. Scripps by 14.6% during the second quarter. American Century Companies Inc. now owns 152,443 shares of the company’s stock valued at $448,000 after buying an additional 19,393 shares during the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

About E.W. Scripps

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The E.W. Scripps Company is a diversified U.S. media organization headquartered in Cincinnati, Ohio. Established in 1878 by Edward Willis Scripps, the company began as a newspaper publisher before expanding into broadcast television, cable networks and digital journalism. Today, Scripps combines a legacy of local news reporting with a growing portfolio of national cable channels and digital platforms.

Scripps operates more than 60 television stations across over 40 markets, delivering local news, weather, sports and entertainment programming to communities in both large and mid-sized U.S.