Townsquare Media (NYSE:TSQ) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Townsquare Media, Inc. (NYSE:TSQ)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.53 and traded as low as $5.13. Townsquare Media shares last traded at $5.2450, with a volume of 127,128 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSQ. Wall Street Zen downgraded shares of Townsquare Media from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Townsquare Media in a report on Monday, December 15th. Finally, Barrington Research cut their price target on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Townsquare Media has a consensus rating of “Hold” and a consensus target price of $16.50.

Townsquare Media Price Performance

The firm has a market capitalization of $86.33 million, a price-to-earnings ratio of 5.09, a P/E/G ratio of 1.30 and a beta of 0.88. The stock has a fifty day moving average of $5.53 and a two-hundred day moving average of $6.59.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Townsquare Media had a negative return on equity of 47.95% and a net margin of 4.27%.The firm had revenue of $106.76 million for the quarter, compared to the consensus estimate of $107.96 million. On average, research analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 26th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 15.3%. The ex-dividend date of this dividend is Monday, January 26th. Townsquare Media’s dividend payout ratio is currently 77.67%.

Institutional Investors Weigh In On Townsquare Media

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Townsquare Media during the second quarter worth $33,000. AlphaCore Capital LLC bought a new stake in Townsquare Media during the third quarter valued at $69,000. Algert Global LLC bought a new stake in Townsquare Media during the third quarter valued at $72,000. Hsbc Holdings PLC acquired a new stake in Townsquare Media during the 1st quarter worth about $86,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Townsquare Media in the 2nd quarter worth about $101,000. 71.69% of the stock is owned by institutional investors.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.