StockNews.com Downgrades Townsquare Media (NYSE:TSQ) to Hold

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

A number of other research firms have also weighed in on TSQ. Guggenheim dropped their price target on shares of Townsquare Media to $14.00 in a research report on Tuesday, November 15th. TheStreet lowered shares of Townsquare Media from a “c” rating to a “d” rating in a research report on Friday, November 18th.

Townsquare Media Stock Performance

TSQ opened at $7.80 on Thursday. The firm has a market cap of $134.48 million, a P/E ratio of 14.18, a PEG ratio of 0.62 and a beta of 1.55. Townsquare Media has a 1-year low of $7.14 and a 1-year high of $13.70. The company has a 50 day simple moving average of $7.70 and a two-hundred day simple moving average of $8.55. The company has a debt-to-equity ratio of 8.31, a current ratio of 1.54 and a quick ratio of 1.54.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Townsquare Media by 12.1% during the 3rd quarter. State Street Corp now owns 33,339 shares of the company’s stock valued at $242,000 after purchasing an additional 3,600 shares during the period. Two Sigma Advisers LP boosted its stake in Townsquare Media by 15.0% in the 3rd quarter. Two Sigma Advisers LP now owns 56,700 shares of the company’s stock worth $412,000 after purchasing an additional 7,400 shares in the last quarter. Two Sigma Investments LP boosted its stake in Townsquare Media by 16.8% in the 3rd quarter. Two Sigma Investments LP now owns 45,639 shares of the company’s stock worth $331,000 after purchasing an additional 6,576 shares in the last quarter. Marshall Wace LLP purchased a new position in Townsquare Media during the 3rd quarter worth approximately $79,000. Finally, Gamco Investors INC. ET AL raised its position in Townsquare Media by 7.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 336,979 shares of the company’s stock worth $2,446,000 after buying an additional 24,379 shares during the last quarter. Hedge funds and other 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

Receive News & Ratings for Townsquare Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media and related companies with MarketBeat.com's FREE daily email newsletter.