Townsquare Media, Inc. (TSQ) Given “Buy” Rating at Noble Financial
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.
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.
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