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

Townsquare Media (NYSE:TSQ) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other equities analysts have also issued reports about the stock. Noble Financial restated an “outperform” rating and issued a $21.00 price objective on shares of Townsquare Media in a report on Friday, January 24th. Barrington Research restated an “outperform” rating and issued a $15.00 price target on shares of Townsquare Media in a research note on Tuesday, March 18th.

Townsquare Media Price Performance

TSQ stock opened at $8.37 on Thursday. Townsquare Media has a 1 year low of $7.56 and a 1 year high of $13.57. The firm has a 50-day moving average of $8.62 and a 200 day moving average of $9.47. The company has a market cap of $134.85 million, a P/E ratio of -3.09, a PEG ratio of 0.58 and a beta of 1.33.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The firm had revenue of $117.81 million during the quarter, compared to analyst estimates of $116.41 million. During the same quarter in the prior year, the company earned $0.34 EPS. On average, equities research analysts expect that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Townsquare Media

In other Townsquare Media news, EVP Claire Marie Yenicay sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.22, for a total value of $46,100.00. Following the transaction, the executive vice president now directly owns 214,953 shares of the company’s stock, valued at approximately $1,981,866.66. This trade represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 30.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Investments LP raised its holdings in Townsquare Media by 77.6% in the 4th quarter. Two Sigma Investments LP now owns 62,859 shares of the company’s stock worth $571,000 after purchasing an additional 27,458 shares during the period. Two Sigma Advisers LP boosted its position in shares of Townsquare Media by 130.7% in the fourth quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock worth $942,000 after purchasing an additional 58,700 shares during the period. Millennium Management LLC increased its stake in shares of Townsquare Media by 129.9% in the fourth quarter. Millennium Management LLC now owns 92,557 shares of the company’s stock worth $841,000 after purchasing an additional 52,299 shares in the last quarter. Bank of America Corp DE increased its stake in Townsquare Media by 13.0% in the 4th quarter. Bank of America Corp DE now owns 51,988 shares of the company’s stock worth $473,000 after buying an additional 6,000 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Townsquare Media by 25.1% in the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock valued at $1,317,000 after acquiring an additional 29,019 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

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.