Townsquare Media (NYSE:TSQ) Receives Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a research report report published on Thursday,Benzinga reports. Barrington Research currently has a $17.00 price objective on the stock.

Separately, StockNews.com lowered Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Townsquare Media Stock Down 1.7 %

Shares of NYSE:TSQ opened at $9.98 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media has a 1 year low of $8.60 and a 1 year high of $13.57. The business has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $10.78.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 85.71% and a negative net margin of 8.84%. The firm had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $117.99 million. On average, equities research analysts expect that Townsquare Media will post 0.97 EPS for the current fiscal year.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 7.92%. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

Insider Buying and Selling at Townsquare Media

In related news, Director Stephen A. Kaplan bought 50,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were bought at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the acquisition, the director now directly owns 137,808 shares in the company, valued at approximately $1,434,581.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Stephen A. Kaplan bought 50,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were bought at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the acquisition, the director now directly owns 137,808 shares in the company, valued at approximately $1,434,581.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Erik Hellum sold 18,166 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the transaction, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,585 shares of company stock worth $289,812 over the last three months. Corporate insiders own 30.50% of the company’s stock.

Institutional Investors Weigh In On Townsquare Media

Hedge funds and other institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC acquired a new stake in shares of Townsquare Media in the third quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new stake in shares of Townsquare Media in the second quarter valued at about $57,000. Virtu Financial LLC acquired a new stake in shares of Townsquare Media in the first quarter valued at about $124,000. Rhumbline Advisers grew its position in shares of Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media in the second quarter valued at about $232,000. 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.