Short Interest in Townsquare Media, Inc. (NYSE:TSQ) Increases By 984.1%

Townsquare Media, Inc. (NYSE:TSQ) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 170,200 shares, agrowthof984.1% from the June 30th total of 15,700 shares. Currently,1.4% of the company’s stock are sold short. Based on an average daily volume of 116,900 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 116,900 shares, the days-to-cover ratio is presently 1.5 days. Currently,1.4% of the company’s stock are sold short.

Insider Buying and Selling at Townsquare Media

In other Townsquare Media news, COO Erik Hellum sold 17,305 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $7.00, for a total transaction of $121,135.00. Following the transaction, the chief operating officer directly owned 741,643 shares in the company, valued at $5,191,501. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 35,000 shares of company stock valued at $246,267 in the last ninety days. 29.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently modified their holdings of TSQ. Wells Fargo & Company MN raised its holdings in shares of Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock valued at $57,000 after buying an additional 2,259 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Townsquare Media by 73.4% in the first quarter. Copeland Capital Management LLC now owns 6,753 shares of the company’s stock valued at $55,000 after buying an additional 2,859 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock worth $76,000 after purchasing an additional 7,700 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Townsquare Media during the 1st quarter worth about $86,000. Finally, Ancora Advisors LLC bought a new stake in Townsquare Media during the 1st quarter worth about $122,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TSQ shares. Noble Financial restated a “buy” rating and set a $21.00 price objective on shares of Townsquare Media in a research report on Friday, May 9th. Barrington Research reduced their price objective on shares of Townsquare Media from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Finally, Wall Street Zen lowered shares of Townsquare Media from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th.

Townsquare Media Stock Down 0.3%

Shares of TSQ stock opened at $6.87 on Monday. Townsquare Media has a 12 month low of $6.47 and a 12 month high of $11.63. The business’s 50 day moving average is $7.45 and its two-hundred day moving average is $7.74. The company has a market cap of $112.32 million, a PE ratio of -5.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $98.68 million for the quarter, compared to the consensus estimate of $98.50 million. Townsquare Media had a negative return on equity of 41.58% and a negative net margin of 3.41%. As a group, equities analysts expect that Townsquare Media will post 1.07 EPS for the current fiscal year.

Townsquare Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were paid a $0.20 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 11.6%. Townsquare Media’s dividend payout ratio (DPR) is presently -60.15%.

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.