Noble Financial reaffirmed their buy rating on shares of Townsquare Media, Inc. (NYSE:TSQ) in a research note published on Friday.

Several other research firms also recently weighed in on TSQ. Zacks Investment Research raised shares of Townsquare Media from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Wednesday, July 19th. Royal Bank of Canada set a $13.00 price target on shares of Townsquare Media and gave the stock a buy rating in a research note on Tuesday, July 18th. Bank of America Corporation downgraded shares of Townsquare Media from a buy rating to an underperform rating in a research note on Friday, September 29th. Jefferies Group LLC reissued a buy rating and issued a $13.00 price target on shares of Townsquare Media in a research note on Tuesday, September 12th. Finally, Stephens downgraded shares of Townsquare Media from an overweight rating to an equal weight rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $12.33.

Townsquare Media (TSQ) traded down $0.74 during midday trading on Friday, hitting $7.76. 59,600 shares of the stock were exchanged, compared to its average volume of 56,846. Townsquare Media has a 52 week low of $7.75 and a 52 week high of $13.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.02. The company has a market cap of $157.05, a P/E ratio of 11.33, a P/E/G ratio of 2.47 and a beta of 1.74.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The company had revenue of $164.11 million for the quarter, compared to the consensus estimate of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. sell-side analysts predict that Townsquare Media will post 0.86 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in shares of Townsquare Media during the third quarter valued at about $187,000. Beck Mack & Oliver LLC increased its position in shares of Townsquare Media by 10.9% during the third quarter. Beck Mack & Oliver LLC now owns 136,690 shares of the company’s stock valued at $1,367,000 after buying an additional 13,490 shares during the period. Delphi Management Inc. MA increased its position in shares of Townsquare Media by 2.8% during the second quarter. Delphi Management Inc. MA now owns 86,764 shares of the company’s stock valued at $888,000 after buying an additional 2,350 shares during the period. State Street Corp increased its position in shares of Townsquare Media by 10.6% during the second quarter. State Street Corp now owns 141,635 shares of the company’s stock valued at $1,447,000 after buying an additional 13,570 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of Townsquare Media by 87.9% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 48,304 shares of the company’s stock valued at $494,000 after buying an additional 22,600 shares during the period. Institutional investors own 48.83% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

Analyst Recommendations for Townsquare Media (NYSE:TSQ)

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