Townsquare Media (NYSE:TSQ) Stock Price Passes Below 200 Day Moving Average of $10.01

Shares of Townsquare Media, Inc. (NYSE:TSQGet Rating) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.01 and traded as low as $7.85. Townsquare Media shares last traded at $7.85, with a volume of 54,919 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.

Townsquare Media Stock Down 3.0 %

The firm’s 50-day moving average price is $8.68 and its 200 day moving average price is $10.01. The firm has a market cap of $133.90 million, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.58. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 8.80.

Townsquare Media (NYSE:TSQGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $121.92 million during the quarter, compared to analyst estimates of $117.25 million. Townsquare Media had a net margin of 4.61% and a return on equity of 58.11%. As a group, research analysts expect that Townsquare Media, Inc. will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Townsquare Media

Several institutional investors have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in Townsquare Media by 8.0% in the first quarter. American Century Companies Inc. now owns 951,531 shares of the company’s stock worth $12,170,000 after purchasing an additional 70,784 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Townsquare Media by 6.3% in the second quarter. Gamco Investors INC. ET AL now owns 312,600 shares of the company’s stock worth $2,560,000 after purchasing an additional 18,400 shares during the period. Acadian Asset Management LLC lifted its holdings in Townsquare Media by 0.9% in the first quarter. Acadian Asset Management LLC now owns 251,706 shares of the company’s stock worth $3,217,000 after purchasing an additional 2,203 shares during the period. BlackRock Inc. lifted its holdings in Townsquare Media by 14.6% in the first quarter. BlackRock Inc. now owns 221,426 shares of the company’s stock worth $2,832,000 after purchasing an additional 28,217 shares during the period. Finally, Millennium Management LLC lifted its holdings in Townsquare Media by 40.8% in the second quarter. Millennium Management LLC now owns 114,638 shares of the company’s stock worth $939,000 after purchasing an additional 33,197 shares during the period. Institutional investors own 50.28% of the company’s stock.

Townsquare Media Company Profile

(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.

Further Reading

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