Townsquare Media (NYSE:TSQ) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Townsquare Media (NYSE:TSQFree Report) from a hold rating to a buy rating in a research report report published on Friday morning.

Several other research analysts have also issued reports on the stock. Barrington Research reaffirmed an outperform rating and issued a $17.00 target price on shares of Townsquare Media in a research note on Tuesday, April 2nd. Guggenheim lifted their price objective on shares of Townsquare Media from $12.00 to $12.50 and gave the stock a buy rating in a research note on Wednesday, March 20th. Finally, Noble Financial lifted their price objective on shares of Townsquare Media from $20.00 to $21.00 and gave the stock an outperform rating in a research note on Monday, April 1st.

Get Our Latest Research Report on Townsquare Media

Townsquare Media Stock Down 0.8 %

Shares of NYSE TSQ opened at $11.91 on Friday. The firm has a market capitalization of $198.06 million, a PE ratio of -4.35, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 50.41. Townsquare Media has a 1 year low of $8.00 and a 1 year high of $13.57. The firm’s 50-day moving average is $11.21 and its 200-day moving average is $10.34.

Townsquare Media (NYSE:TSQGet Free Report) last issued its earnings results on Friday, March 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $114.79 million for the quarter, compared to analyst estimates of $111.78 million. Townsquare Media had a negative net margin of 9.90% and a positive return on equity of 55.40%. Equities analysts expect that Townsquare Media will post 1.54 EPS for the current year.

Townsquare Media Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be paid a dividend of $0.198 per share. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, April 4th. This represents a $0.79 annualized dividend and a yield of 6.65%. Townsquare Media’s dividend payout ratio (DPR) is presently -28.83%.

Insider Buying and Selling

In other Townsquare Media news, EVP Claire Marie Yenicay sold 31,048 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total transaction of $383,753.28. Following the sale, the executive vice president now directly owns 190,191 shares in the company, valued at approximately $2,350,760.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Townsquare Media news, CEO Bill Wilson sold 391,420 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total transaction of $4,837,951.20. Following the sale, the chief executive officer now directly owns 2,139,135 shares in the company, valued at approximately $26,439,708.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Marie Yenicay sold 31,048 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total transaction of $383,753.28. Following the sale, the executive vice president now owns 190,191 shares in the company, valued at $2,350,760.76. The disclosure for this sale can be found here. Insiders have sold 2,886,934 shares of company stock valued at $35,653,276 in the last 90 days. 30.50% of the stock is owned by insiders.

Institutional Trading of Townsquare Media

Several hedge funds have recently bought and sold shares of the stock. Group One Trading L.P. acquired a new stake in shares of Townsquare Media in the first quarter valued at approximately $40,000. Citigroup Inc. acquired a new stake in shares of Townsquare Media in the second quarter valued at approximately $41,000. California State Teachers Retirement System acquired a new stake in shares of Townsquare Media in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC raised its holdings in shares of Townsquare Media by 169.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock valued at $33,000 after purchasing an additional 2,890 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new stake in shares of Townsquare Media in the second quarter valued at approximately $63,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

About Townsquare Media

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Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.

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