Townsquare Media (NYSE:TSQ) Upgraded to “Buy” at StockNews.com

Townsquare Media (NYSE:TSQ) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other equities research analysts have also issued reports on the company. Noble Financial lifted their price objective on Townsquare Media from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Guggenheim lifted their price target on Townsquare Media from $12.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research note on Tuesday, April 2nd.

Townsquare Media Stock Performance

NYSE:TSQ opened at $11.91 on Friday. The company has a debt-to-equity ratio of 50.41, a current ratio of 1.74 and a quick ratio of 1.74. The business has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $10.33. Townsquare Media has a 1 year low of $8.00 and a 1 year high of $13.57. The company has a market capitalization of $198.06 million, a P/E ratio of -4.35, a P/E/G ratio of 0.65 and a beta of 1.37.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Friday, March 15th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $114.79 million during the quarter, compared to analysts’ expectations of $111.78 million. Townsquare Media had a positive return on equity of 55.40% and a negative net margin of 9.90%. On average, analysts expect that Townsquare Media will post 1.54 earnings per share for the current year.

Insider Activity at Townsquare Media

In other Townsquare Media news, COO Erik Hellum sold 3,380 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $11.03, for a total transaction of $37,281.40. Following the transaction, the chief operating officer now owns 736,736 shares in the company, valued at approximately $8,126,198.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Claire Marie Yenicay sold 31,048 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total value of $383,753.28. Following the sale, the executive vice president now owns 190,191 shares in the company, valued at approximately $2,350,760.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Erik Hellum sold 3,380 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $11.03, for a total value of $37,281.40. Following the completion of the sale, the chief operating officer now owns 736,736 shares in the company, valued at approximately $8,126,198.08. The disclosure for this sale can be found here. Insiders have sold a total of 2,886,934 shares of company stock worth $35,653,276 in the last 90 days. Company insiders own 30.50% of the company’s stock.

Institutional Trading of Townsquare Media

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in Townsquare Media by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 818,235 shares of the company’s stock valued at $7,135,000 after acquiring an additional 2,504 shares in the last quarter. BlackRock Inc. lifted its position in Townsquare Media by 295.4% in the 2nd quarter. BlackRock Inc. now owns 631,135 shares of the company’s stock valued at $7,517,000 after acquiring an additional 471,529 shares in the last quarter. Vanguard Group Inc. lifted its position in Townsquare Media by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 591,495 shares of the company’s stock valued at $6,246,000 after acquiring an additional 7,252 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Townsquare Media by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 536,140 shares of the company’s stock valued at $3,892,000 after acquiring an additional 6,590 shares in the last quarter. Finally, Access Investment Management LLC bought a new position in Townsquare Media in the 4th quarter valued at approximately $4,156,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.