New insider activity at Cable ONE ( (CABO) ) has taken place on March 6, 2025.
Director Wallace R. Weitz has made a significant investment by purchasing 4,000 shares of Cable ONE stock, with the transaction valued at $982,020.
Recent Updates on CABO stock
Cable ONE has faced a challenging period with recent earnings reports highlighting a decline in revenues and significant net losses. The company’s Q4 results showed a 6% year-over-year decrease in revenues and a net loss of $105.2 million, largely due to non-cash impairments related to its investment in Mega Broadband Investments Holdings LLC. Analysts have adjusted their price targets for Cable ONE, citing these financial challenges and competitive pressures as key reasons. JPMorgan lowered its price target due to concerns over fiber overlap and fixed wireless access pressures impacting broadband penetration. Similarly, KeyBanc reduced its target after Q4 results fell below expectations, despite acknowledging strategic initiatives aimed at future growth. Overall, the sentiment remains cautious as the company navigates a competitive landscape while focusing on strategic growth and operational efficiency.
More about Cable ONE
YTD Price Performance: -29.03%
Average Trading Volume: 115,943
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.43B