Townsquare Media (NYSE:TSQ) Upgraded by StockNews.com to Buy

Townsquare Media (NYSE:TSQ) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

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

Townsquare Media Stock Down 0.8 %

Townsquare Media stock traded down $0.10 during trading hours on Friday, reaching $11.91. The stock had a trading volume of 53,629 shares, compared to its average volume of 55,789. The company has a market cap of $198.06 million, a price-to-earnings ratio of -4.35, a PEG ratio of 0.67 and a beta of 1.37. 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’s 50 day moving average price is $11.19 and its 200-day moving average price is $10.31. Townsquare Media has a 52 week low of $8.00 and a 52 week high of $13.57.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Friday, March 15th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $114.79 million during the quarter, compared to the consensus estimate of $111.78 million. Townsquare Media had a negative net margin of 9.90% and a positive return on equity of 55.40%. Sell-side analysts anticipate that Townsquare Media will post 1.54 EPS for the current year.

Insider Buying and Selling

In related news, COO Erik Hellum sold 3,380 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $11.03, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Bill Wilson sold 391,420 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total value of $4,837,951.20. Following the transaction, the chief executive officer now owns 2,139,135 shares in the company, valued at approximately $26,439,708.60. The sale was disclosed in a filing with the SEC, which is available 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. In the last quarter, insiders have sold 2,886,934 shares of company stock worth $35,653,276. 30.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted 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 worth $7,135,000 after purchasing an additional 2,504 shares in the last quarter. BlackRock Inc. boosted its position in Townsquare Media by 295.4% in the 2nd quarter. BlackRock Inc. now owns 631,135 shares of the company’s stock worth $7,517,000 after purchasing an additional 471,529 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $6,246,000 after purchasing an additional 7,252 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $3,892,000 after purchasing an additional 6,590 shares in the last quarter. Finally, Access Investment Management LLC purchased a new stake in Townsquare Media in the 4th quarter worth approximately $4,156,000. Hedge funds and other institutional investors own 71.69% 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 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.