Townsquare Media, Inc. (NYSE:TSQ – Free Report) – Equities research analysts at Barrington Research increased their FY2023 earnings per share (EPS) estimates for shares of Townsquare Media in a report issued on Wednesday, November 15th. Barrington Research analyst J. Goss now anticipates that the company will earn $1.02 per share for the year, up from their previous forecast of $0.85. Barrington Research currently has a “Outperform” rating and a $17.00 price target on the stock. The consensus estimate for Townsquare Media’s current full-year earnings is $0.85 per share. Barrington Research also issued estimates for Townsquare Media’s Q4 2023 earnings at $0.29 EPS, Q1 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.44 EPS and FY2025 earnings at $1.31 EPS.
Separately, StockNews.com started coverage on Townsquare Media in a research report on Thursday, October 5th. They issued a “hold” rating for the company.
Townsquare Media Price Performance
Shares of TSQ stock opened at $9.53 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 40.14. Townsquare Media has a twelve month low of $7.05 and a twelve month high of $12.65. The company has a market cap of $157.91 million, a P/E ratio of -3.97, a P/E/G ratio of 0.92 and a beta of 1.64. The business has a fifty day simple moving average of $8.91 and a 200 day simple moving average of $9.95.
Townsquare Media Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a $0.188 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.75 annualized dividend and a yield of 7.89%. Townsquare Media’s dividend payout ratio is presently -31.25%.
Insider Buying and Selling at Townsquare Media
In other news, Director David Lebow sold 5,374 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $9.72, for a total transaction of $52,235.28. Following the completion of the transaction, the director now directly owns 85,194 shares in the company, valued at $828,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 14,855 shares of company stock worth $142,673. 30.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its position in shares of Townsquare Media by 204.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 44,281 shares of the company’s stock valued at $386,000 after purchasing an additional 29,718 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Townsquare Media by 86.1% in the third quarter. Gabelli Funds LLC now owns 59,000 shares of the company’s stock valued at $514,000 after purchasing an additional 27,300 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Townsquare Media by 4.9% in the third quarter. Gamco Investors INC. ET AL now owns 359,847 shares of the company’s stock valued at $3,138,000 after purchasing an additional 16,700 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Townsquare Media by 24.7% in the third quarter. Janney Montgomery Scott LLC now owns 33,039 shares of the company’s stock valued at $288,000 after purchasing an additional 6,553 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in Townsquare Media during the third quarter worth about $142,000. Institutional investors own 67.99% of the company’s stock.
Townsquare Media Company Profile
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.
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