Townsquare Media (NYSE:TSQ) Rating Increased to Buy at StockNews.com

Townsquare Media (NYSE:TSQ) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities research analysts have also recently weighed in on the company. Noble Financial restated an “outperform” rating and issued a $21.00 price target on shares of Townsquare Media in a report on Friday, January 24th. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Townsquare Media in a report on Tuesday, March 18th.

Townsquare Media Stock Performance

Shares of NYSE TSQ opened at $8.10 on Thursday. The company’s fifty day moving average is $8.58 and its two-hundred day moving average is $9.45. The firm has a market capitalization of $130.50 million, a P/E ratio of -2.99, a PEG ratio of 0.58 and a beta of 1.33. Townsquare Media has a one year low of $7.56 and a one year high of $13.57.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Monday, March 17th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The firm had revenue of $117.81 million for the quarter, compared to the consensus estimate of $116.41 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, sell-side analysts forecast that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Townsquare Media

In related news, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.22, for a total transaction of $46,100.00. Following the completion of the sale, the executive vice president now owns 214,953 shares in the company, valued at approximately $1,981,866.66. This trade represents a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 30.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently modified their holdings of TSQ. Wells Fargo & Company MN raised its position in shares of Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock valued at $57,000 after buying an additional 2,259 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after acquiring an additional 1,503 shares during the period. Wealthfront Advisers LLC acquired a new position in Townsquare Media in the 4th quarter valued at $69,000. Russell Investments Group Ltd. lifted its stake in shares of Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock worth $76,000 after purchasing an additional 7,700 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Townsquare Media by 47.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock worth $247,000 after purchasing an additional 8,700 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

About Townsquare Media

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.