Barrington Research Has Lowered Expectations for Townsquare Media (NYSE:TSQ) Stock Price

Townsquare Media (NYSE:TSQGet Free Report) had its target price reduced by investment analysts at Barrington Research from $12.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 63.53% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.50.

Check Out Our Latest Research Report on Townsquare Media

Townsquare Media Stock Down 0.4%

Townsquare Media stock opened at $6.12 on Tuesday. The firm has a market cap of $100.65 million, a P/E ratio of 5.90, a P/E/G ratio of 0.92 and a beta of 0.95. The business has a fifty day moving average of $6.57 and a two-hundred day moving average of $6.16. Townsquare Media has a twelve month low of $4.30 and a twelve month high of $9.31.

Townsquare Media (NYSE:TSQGet Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $106.50 million during the quarter, compared to analysts’ expectations of $106.40 million. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. Equities analysts expect that Townsquare Media will post 1.07 earnings per share for the current year.

Insider Activity

In other news, COO Erik Hellum sold 6,522 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.57, for a total value of $36,327.54. Following the completion of the transaction, the chief operating officer owned 969,648 shares of the company’s stock, valued at approximately $5,400,939.36. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 19,652 shares of company stock worth $106,335 over the last 90 days. 29.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Townsquare Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. Crews Bank & Trust purchased a new position in shares of Townsquare Media during the 4th quarter worth approximately $26,000. Raymond James Financial Inc. purchased a new position in Townsquare Media in the second quarter worth $33,000. AlphaCore Capital LLC acquired a new stake in shares of Townsquare Media in the third quarter valued at about $69,000. Algert Global LLC acquired a new stake in shares of Townsquare Media during the third quarter valued at $72,000. Finally, XTX Topco Ltd purchased a new stake in Townsquare Media during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Townsquare Media News Roundup

Here are the key news stories impacting Townsquare Media this week:

Townsquare Media Company Profile

(Get Free Report)

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.

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