Townsquare Media (NYSE:TSQ) Given Outperform Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a report published on Thursday,Benzinga reports. They currently have a $17.00 price objective on the stock.

Separately, StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Townsquare Media Stock Performance

Shares of NYSE TSQ traded down $0.17 during trading on Thursday, reaching $9.98. 27,588 shares of the stock traded hands, compared to its average volume of 51,550. The stock has a market capitalization of $153.59 million, a P/E ratio of -1.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50-day moving average of $10.10 and a 200-day moving average of $10.81. Townsquare Media has a 52-week low of $8.60 and a 52-week high of $13.57.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The firm had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $117.99 million. Analysts forecast that Townsquare Media will post 0.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Stephen A. Kaplan bought 50,000 shares of the stock in a transaction on Friday, September 20th. The stock was acquired at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the acquisition, the director now owns 137,808 shares of the company’s stock, valued at $1,434,581.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Townsquare Media news, Director Stephen A. Kaplan purchased 50,000 shares of Townsquare Media stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of $10.41 per share, with a total value of $520,500.00. Following the completion of the transaction, the director now owns 137,808 shares in the company, valued at approximately $1,434,581.28. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Erik Hellum sold 18,166 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the sale, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,585 shares of company stock valued at $289,812 in the last ninety days. Insiders own 30.50% of the company’s stock.

Hedge Funds Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently made changes to their positions in TSQ. Copeland Capital Management LLC acquired a new position in Townsquare Media during the third quarter worth $39,000. Meeder Asset Management Inc. acquired a new stake in Townsquare Media during the second quarter worth about $57,000. Virtu Financial LLC purchased a new position in Townsquare Media during the first quarter worth about $124,000. Rhumbline Advisers grew its stake in shares of Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media during the 2nd quarter worth approximately $232,000. 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.