TheStreet cut shares of Townsquare Media (NYSE:TSQ) from a c rating to a d+ rating in a report issued on Thursday.
TSQ has been the subject of a number of other research reports. Stephens set a $9.00 price target on Townsquare Media and gave the stock a hold rating in a research report on Tuesday, March 13th. Zacks Investment Research upgraded Townsquare Media from a sell rating to a hold rating in a report on Wednesday, January 31st. Noble Financial restated a buy rating on shares of Townsquare Media in a report on Friday, March 23rd. ValuEngine lowered Townsquare Media from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Barrington Research upgraded Townsquare Media from a market perform rating to an outperform rating and set a $10.00 price objective for the company in a report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $10.80.
Shares of TSQ stock opened at $7.75 on Thursday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.46. Townsquare Media has a 1 year low of $6.28 and a 1 year high of $12.22. The firm has a market cap of $144.68, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share (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 during the quarter, compared to analyst estimates of $118.61 million. equities analysts expect that Townsquare Media will post 0.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 2nd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.30 annualized dividend and a dividend yield of 3.87%. Townsquare Media’s dividend payout ratio (DPR) is 40.54%.
Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Townsquare Media by 150.9% in the fourth quarter. Millennium Management LLC now owns 31,858 shares of the company’s stock valued at $245,000 after buying an additional 19,158 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Townsquare Media by 286.9% in the fourth quarter. Two Sigma Investments LP now owns 50,637 shares of the company’s stock valued at $389,000 after buying an additional 37,550 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Townsquare Media by 32.3% in the fourth quarter. Two Sigma Advisers LP now owns 47,900 shares of the company’s stock valued at $368,000 after buying an additional 11,700 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of Townsquare Media in the fourth quarter valued at $172,000. Finally, Deutsche Bank AG lifted its holdings in shares of Townsquare Media by 259.4% in the fourth quarter. Deutsche Bank AG now owns 110,749 shares of the company’s stock valued at $848,000 after buying an additional 79,937 shares during the period. Institutional investors and hedge funds own 49.34% of the company’s stock.
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Townsquare Media Company Profile
Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
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