Insider Selling: Townsquare Media (NYSE:TSQ) EVP Sells $147,218.40 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 28,980 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $5.08, for a total value of $147,218.40. Following the completion of the transaction, the executive vice president directly owned 123,977 shares in the company, valued at $629,803.16. This trade represents a 18.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Scott Schatz also recently made the following trade(s):

• On Monday, February 2nd, Scott Schatz bought 980 shares of Townsquare Media stock. The stock was purchased at an average price of $6.61 per share, for a total transaction of $6,477.80.

Townsquare Media Trading Up 1.6%

TSQ stock opened at $5.08 on Monday. The company has a market cap of $86.87 million, a PE ratio of -7.15, a price-to-earnings-growth ratio of 1.11 and a beta of 0.95. The stock has a 50-day moving average price of $6.55 and a two-hundred day moving average price of $6.11. Townsquare Media, Inc. has a 12-month low of $4.30 and a 12-month high of $9.31.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Monday, March 16th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The firm had revenue of $106.50 million during the quarter, compared to analysts’ expectations of $106.40 million. Townsquare Media had a negative return on equity of 13.74% and a negative net margin of 2.58%. Equities analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Monday, April 27th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend is Monday, April 27th. Townsquare Media’s payout ratio is -112.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Townsquare Media from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a report on Monday, December 29th. Finally, Barrington Research lowered their price target on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Institutional Trading of Townsquare Media

A number of hedge funds have recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in shares of Townsquare Media in the fourth quarter valued at $26,000. Raymond James Financial Inc. purchased a new stake in Townsquare Media during the 2nd quarter worth $33,000. AlphaCore Capital LLC acquired a new position in Townsquare Media in the 3rd quarter worth $69,000. Algert Global LLC acquired a new position in Townsquare Media in the 3rd quarter worth $72,000. Finally, XTX Topco Ltd purchased a new position in Townsquare Media in the 4th quarter valued at about $83,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.