Gray Media (NYSE:GTN) Upgraded to Buy at Wall Street Zen

Posted by Francis Steltz on Aug 16th, 2026

Wall Street Zen upgraded shares of Gray Media (NYSE:GTN – Free Report) from a hold rating to a buy rating in a research report released on Saturday.

Several other analysts have also commented on GTN. Guggenheim decreased their price target on shares of Gray Media from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Barrington Research reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Gray Media in a research report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Gray Media in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Gray Media presently has a consensus rating of “Hold” and a consensus price target of $7.88.

View Our Latest Stock Report on Gray Media

Gray Media Stock Up 3.1%

Shares of Gray Media stock opened at $5.21 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 1.20. The stock has a market cap of $536.01 million, a price-to-earnings ratio of -8.53, a PEG ratio of 0.11 and a beta of 0.94. The firm’s 50-day moving average is $4.11 and its two-hundred day moving average is $4.54. Gray Media has a 1 year low of $3.55 and a 1 year high of $6.43.

Gray Media (NYSE:GTN – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.29. Gray Media had a negative net margin of 0.83% and a negative return on equity of 1.12%. The company had revenue of $839.00 million for the quarter, compared to analyst estimates of $795.13 million. During the same period last year, the company posted ($0.71) earnings per share. Gray Media’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Gray Media will post 2.33 earnings per share for the current fiscal year.

Gray Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 6.1%. Gray Media’s dividend payout ratio is -52.46%.

Insiders Place Their Bets

In other Gray Media news, Director Richard Lee Boger sold 57,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $4.40, for a total transaction of $250,800.00. Following the sale, the director owned 4,591 shares of the company’s stock, valued at approximately $20,200.40. The trade was a 92.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 8.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its stake in Gray Media by 7.4% during the 1st quarter. Empowered Funds LLC now owns 464,859 shares of the company’s stock valued at $2,008,000 after acquiring an additional 32,173 shares during the period. Acadian Asset Management LLC acquired a new position in Gray Media during the first quarter valued at $28,000. Creative Planning lifted its position in Gray Media by 17.3% during the second quarter. Creative Planning now owns 63,544 shares of the company’s stock valued at $288,000 after purchasing an additional 9,358 shares during the period. Cetera Investment Advisers boosted its holdings in Gray Media by 19.7% in the second quarter. Cetera Investment Advisers now owns 91,032 shares of the company’s stock valued at $412,000 after purchasing an additional 14,976 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Gray Media by 7.0% in the second quarter. Rhumbline Advisers now owns 145,450 shares of the company’s stock valued at $659,000 after purchasing an additional 9,575 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

About Gray Media

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Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.