Townsquare Media, Inc. (NYSE:TSQ – Get Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 106,800 shares, a growth of 34.7% from the April 15th total of 79,300 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 26,200 shares, the short-interest ratio is currently 4.1 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading L.P. acquired a new stake in shares of Townsquare Media during the first quarter worth $40,000. Gabelli Funds LLC acquired a new stake in shares of Townsquare Media during the third quarter valued at approximately $131,000. Raymond James & Associates acquired a new position in Townsquare Media in the 3rd quarter worth approximately $158,000. Janney Montgomery Scott LLC purchased a new position in Townsquare Media during the 1st quarter worth approximately $171,000. Finally, Barclays PLC raised its stake in Townsquare Media by 1,617.4% during the 3rd quarter. Barclays PLC now owns 13,361 shares of the company’s stock valued at $174,000 after purchasing an additional 12,583 shares during the period. Institutional investors and hedge funds own 50.04% of the company’s stock.
TSQ opened at $10.23 on Monday. The company has a debt-to-equity ratio of 9.74, a quick ratio of 1.58 and a current ratio of 1.68. The company has a market capitalization of $174.49 million, a PE ratio of 7.15 and a beta of 1.71. The stock’s fifty day moving average is $11.84 and its 200-day moving average is $12.32. Townsquare Media has a one year low of $9.36 and a one year high of $15.33.
Several equities research analysts recently weighed in on the stock. StockNews.com started coverage on shares of Townsquare Media in a report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, March 18th.
About Townsquare Media (Get Rating)
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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.
- Get a free copy of the StockNews.com research report on Townsquare Media (TSQ)
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