Townsquare Media (NYSE:TSQ) Earns Outperform Rating from Barrington Research

by · The Cerbat Gem

Townsquare Media (NYSE:TSQ – Get Free Report)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They presently have a $17.00 price target on the stock. Barrington Research’s target price would indicate a potential upside of 70.00% from the stock’s current price.

Separately, StockNews.com lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Read Our Latest Stock Report on Townsquare Media

Townsquare Media Trading Down 1.5 %

Shares of TSQ stock opened at $10.00 on Thursday. The company has a 50 day moving average of $10.09 and a 200-day moving average of $10.79. Townsquare Media has a 12-month low of $8.60 and a 12-month high of $13.57. The firm has a market cap of $153.90 million, a P/E ratio of -1.78, a PEG ratio of 0.88 and a beta of 1.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80.

Townsquare Media (NYSE:TSQ – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. The firm had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Sell-side analysts anticipate that Townsquare Media will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Stephen A. Kaplan acquired 50,000 shares of the stock in a transaction dated Friday, September 20th. The shares were purchased at an average price of $10.41 per share, for a total transaction of $520,500.00. Following the transaction, the director now owns 137,808 shares in the company, valued at $1,434,581.28. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Stephen A. Kaplan purchased 50,000 shares of the stock in a transaction on Friday, September 20th. The shares were acquired at an average price of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the transaction, the director now directly owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO Erik Hellum sold 18,166 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $10.05, for a total value of $182,568.30. Following the completion of the transaction, the chief operating officer now owns 562,680 shares of the company’s stock, valued at $5,654,934. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,585 shares of company stock worth $289,812 over the last ninety days. 30.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Townsquare Media

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Townsquare Media by 2.0% during the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock valued at $6,627,000 after buying an additional 12,073 shares during the last quarter. Ritholtz Wealth Management increased its stake in Townsquare Media by 19.8% in the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after purchasing an additional 5,600 shares during the period. Empowered Funds LLC lifted its position in Townsquare Media by 8.0% in the first quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock valued at $704,000 after purchasing an additional 4,725 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Townsquare Media by 12.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after purchasing an additional 8,079 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Townsquare Media by 8.9% in the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock worth $465,000 after purchasing an additional 3,469 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

(Get Free Report)

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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