Townsquare Media (NYSE:TSQ) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Townsquare Media (NYSE:TSQ) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Separately, Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a report on Thursday, November 7th.

Townsquare Media Price Performance

Shares of NYSE TSQ opened at $9.83 on Monday. Townsquare Media has a 1 year low of $9.05 and a 1 year high of $13.57. The stock has a market capitalization of $151.28 million, a P/E ratio of -3.63, a P/E/G ratio of 0.77 and a beta of 1.36. The company’s 50-day moving average is $10.07 and its 200 day moving average is $10.73. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.38 and a quick ratio of 1.36.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Insider Buying and Selling

In other Townsquare Media news, Director Stephen A. Kaplan acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $10.41 per share, with a total value of $520,500.00. Following the completion of the purchase, the director now directly owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Townsquare Media news, Director Stephen A. Kaplan bought 50,000 shares of the stock in a transaction dated Friday, September 20th. The stock was purchased at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the acquisition, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Erik Hellum sold 18,166 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 562,680 shares in the company, valued at $5,654,934. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,153 shares of company stock worth $386,614 in the last three months. 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 modified their holdings of TSQ. BNP Paribas Financial Markets increased its position in shares of Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after acquiring an additional 1,503 shares in the last quarter. Access Investment Management LLC increased its holdings in shares of Townsquare Media by 0.5% in the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock worth $4,340,000 after purchasing an additional 2,140 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares during the last quarter. Boyar Asset Management Inc. lifted its holdings in shares of Townsquare Media by 8.7% during the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Townsquare Media by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after purchasing an additional 3,469 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

About Townsquare Media

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.