The Princ. Acctg Off., VP,Treas. of Entercom Communications (NYSE: ETM) is Selling Shares

By Carrie Williams

Today, the Princ. Acctg Off., VP,Treas. of Entercom Communications (NYSE: ETM), Eugene Levin, sold shares of ETM for $658.5K.

In addition to Eugene Levin, 4 other ETM executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on Entercom Communications’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $301 million and GAAP net loss of $13.88 million. In comparison, last year the company earned revenue of $97.45 million and had a GAAP net loss of $9.33 million. ETM’s market cap is $1.08B and the company has a P/E ratio of 2.73. Currently, Entercom Communications has an average volume of 1.6M.

In the last 30 days, insiders have sold $658.5K worth of ETM shares and purchased $4.34M worth of ETM shares. The insider sentiment on Entercom Communications has been positive according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Entercom Communications Corp. operates as a radio broadcasting company with a portfolio of radio stations in top markets across the United States. It focuses on creating marketing solutions that incorporate the company’s audio, digital, and experiential assets. The company was founded by Joseph M. Field in 1968 and is headquartered in Bala Cynwyd, PA.