Townsquare Media (NYSE:TSQ) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

TSQ has been the subject of a number of other reports. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Wednesday, August 15th. Noble Financial set a $11.00 price target on shares of Townsquare Media and gave the stock a “buy” rating in a research note on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Townsquare Media currently has a consensus rating of “Hold” and a consensus price target of $9.80.

Shares of NYSE:TSQ opened at $8.74 on Tuesday. The company has a market capitalization of $170.05 million, a PE ratio of 11.81, a P/E/G ratio of 2.15 and a beta of 1.33. Townsquare Media has a twelve month low of $6.03 and a twelve month high of $10.59. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.59.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. The company had revenue of $119.58 million during the quarter, compared to analyst estimates of $115.56 million. Townsquare Media had a negative net margin of 7.70% and a positive return on equity of 7.07%. equities analysts forecast that Townsquare Media will post 0.93 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSQ. Millennium Management LLC raised its holdings in shares of Townsquare Media by 150.9% in the 4th quarter. Millennium Management LLC now owns 31,858 shares of the company’s stock worth $245,000 after purchasing an additional 19,158 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Townsquare Media in the 1st quarter worth approximately $297,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Townsquare Media by 25.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 48,699 shares of the company’s stock worth $387,000 after purchasing an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Townsquare Media by 18.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 118,000 shares of the company’s stock worth $936,000 after purchasing an additional 18,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Townsquare Media by 31.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 386,542 shares of the company’s stock worth $3,065,000 after purchasing an additional 92,121 shares in the last quarter. Institutional investors and hedge funds own 42.98% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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Analyst Recommendations for Townsquare Media (NYSE:TSQ)

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