Townsquare Media (NYSE:TSQ) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.
Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a report on Friday, March 23rd. TheStreet downgraded Townsquare Media from a “c” rating to a “d+” rating in a report on Thursday, April 5th. Stephens set a $9.00 target price on Townsquare Media and gave the stock a “hold” rating in a research note on Tuesday, March 13th. Finally, Barrington Research raised Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.80.
Shares of Townsquare Media traded down $0.14, hitting $6.72, during trading hours on Thursday, according to MarketBeat Ratings. The company had a trading volume of 96,400 shares, compared to its average volume of 63,058. The company has a market cap of $128.05 million, a P/E ratio of 9.08, a P/E/G ratio of -2.60 and a beta of 1.24. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.57. Townsquare Media has a 52-week low of $6.97 and a 52-week high of $7.07.
Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Tuesday, May 8th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $94.23 million for the quarter, compared to the consensus estimate of $90.67 million. Townsquare Media had a positive return on equity of 5.73% and a negative net margin of 6.69%. equities research analysts forecast that Townsquare Media will post 0.89 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its stake in shares of Townsquare Media by 53.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 99,500 shares of the company’s stock worth $764,000 after purchasing an additional 34,473 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Townsquare Media by 74.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 38,699 shares of the company’s stock worth $298,000 after purchasing an additional 16,537 shares during the last quarter. Two Sigma Investments LP grew its stake 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 worth $389,000 after purchasing an additional 37,550 shares during the last quarter. Two Sigma Advisers LP grew its stake 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 worth $368,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Buckhead Capital Management LLC grew its stake in shares of Townsquare Media by 36.4% in the fourth quarter. Buckhead Capital Management LLC now owns 58,395 shares of the company’s stock worth $448,000 after purchasing an additional 15,590 shares during the last quarter. 48.70% of the stock is currently owned by institutional investors.
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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