Townsquare Media (NYSE:TSQ)‘s stock had its “buy” rating reiterated by Noble Financial in a report issued on Wednesday, March 14th.
TSQ has been the topic of a number of other reports. ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Barrington Research raised Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Tuesday, March 13th. Finally, Stephens set a $9.00 price objective on Townsquare Media and gave the stock a “hold” rating in a report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Townsquare Media currently has a consensus rating of “Hold” and a consensus target price of $10.80.
TSQ stock opened at $7.75 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.89 and a current ratio of 1.89. Townsquare Media has a twelve month low of $6.28 and a twelve month high of $12.22. The stock has a market cap of $143.57, a PE ratio of 10.47, a P/E/G ratio of 1.99 and a beta of 1.24.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. Townsquare Media had a positive return on equity of 5.44% and a negative net margin of 2.13%. The company had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $118.61 million. equities analysts forecast that Townsquare Media will post 0.98 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC increased its position in shares of Townsquare Media by 17.3% during the 3rd quarter. Algert Global LLC now owns 177,240 shares of the company’s stock valued at $1,772,000 after purchasing an additional 26,177 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Townsquare Media by 53.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 99,500 shares of the company’s stock valued at $764,000 after purchasing an additional 34,473 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Townsquare Media by 37.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock valued at $1,863,000 after purchasing an additional 49,602 shares during the last quarter. Northern Trust Corp increased its position in shares of Townsquare Media by 132.3% during the 2nd quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after purchasing an additional 120,796 shares during the last quarter. Finally, Buckhead Capital Management LLC increased its position in shares of Townsquare Media by 36.4% during the 4th quarter. Buckhead Capital Management LLC now owns 58,395 shares of the company’s stock valued at $448,000 after purchasing an additional 15,590 shares during the last quarter. 49.34% of the stock is currently owned by hedge funds and other institutional investors.
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Townsquare Media Company Profile
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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