Townsquare Media, Inc. (NYSE:TSQ – Free Report) – Equities researchers at Noble Financial reduced their FY2026 EPS estimates for Townsquare Media in a research note issued on Tuesday, March 18th. Noble Financial analyst M. Kupinski now anticipates that the company will earn $1.57 per share for the year, down from their previous forecast of $1.68. Noble Financial currently has a “Outperform” rating and a $21.00 target price on the stock. The consensus estimate for Townsquare Media’s current full-year earnings is $1.07 per share.
A number of other research firms also recently issued reports on TSQ. StockNews.com downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Wednesday. Barrington Research reiterated an “outperform” rating and set a $15.00 target price on shares of Townsquare Media in a research report on Tuesday.
Townsquare Media Stock Performance
NYSE TSQ opened at $7.97 on Wednesday. Townsquare Media has a 52-week low of $7.56 and a 52-week high of $13.57. The company has a 50-day simple moving average of $8.72 and a 200 day simple moving average of $9.54. The company has a market capitalization of $123.83 million, a PE ratio of -2.94, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33.
Townsquare Media (NYSE:TSQ – Get Free Report) last announced its earnings results on Monday, March 17th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The company had revenue of $117.81 million during the quarter, compared to the consensus estimate of $116.41 million. During the same quarter in the prior year, the company posted $0.34 earnings per share.
Townsquare Media Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be given a $0.20 dividend. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date is Thursday, April 17th. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.
Insider Activity
In other Townsquare Media news, EVP Scott Schatz sold 4,594 shares of Townsquare Media stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total transaction of $44,332.10. Following the completion of the sale, the executive vice president now directly owns 31,366 shares in the company, valued at $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00. Following the sale, the executive vice president now owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,594 shares of company stock worth $186,882. 30.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TSQ. Wells Fargo & Company MN raised its stake in shares of Townsquare Media by 56.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after acquiring an additional 2,259 shares in the last quarter. BNP Paribas Financial Markets raised its stake 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 worth $68,000 after acquiring an additional 1,503 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Townsquare Media during the fourth quarter worth approximately $69,000. Russell Investments Group Ltd. raised its stake in shares of Townsquare Media by 1,086.0% during the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock worth $76,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Townsquare Media by 47.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock worth $247,000 after acquiring an additional 8,700 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other 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.
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