Townsquare Media, Inc. (TSQ) Receives $13.00 Average Target Price from Brokerages
Townsquare Media, Inc. (NYSE:TSQ) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.00.
Several brokerages recently commented on TSQ. Bank of America Corporation lowered Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday. Royal Bank Of Canada set a $13.00 target price on Townsquare Media and gave the stock a “buy” rating in a report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Townsquare Media in a report on Tuesday, September 12th. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a report on Friday, August 11th. Finally, Zacks Investment Research lowered Townsquare Media from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th.
Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in shares of Townsquare Media during the second quarter valued at about $114,000. Ameriprise Financial Inc. bought a new position in shares of Townsquare Media during the 2nd quarter worth about $128,000. Prudential Financial Inc. bought a new position in shares of Townsquare Media during the 2nd quarter worth about $135,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Townsquare Media during the 1st quarter worth about $145,000. Finally, Eagle Global Advisors LLC bought a new position in shares of Townsquare Media during the 2nd quarter worth about $174,000. 49.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Townsquare Media (TSQ) traded up 0.20% during trading on Friday, hitting $10.02. The company had a trading volume of 82,220 shares. The stock has a market capitalization of $185.15 million, a price-to-earnings ratio of 13.27 and a beta of 1.74. Townsquare Media has a 12-month low of $8.12 and a 12-month high of $13.01. The stock has a 50-day moving average of $10.11 and a 200 day moving average of $10.75.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. The business had revenue of $140.66 million for the quarter, compared to analyst estimates of $141.49 million. On average, analysts predict that Townsquare Media will post $0.95 EPS for the current fiscal year.
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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