Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum Sells 17,305 Shares

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 17,305 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $7.00, for a total value of $121,135.00. Following the sale, the chief operating officer now owns 741,643 shares of the company's stock, valued at $5,191,501. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Townsquare Media Stock Performance

Shares of Townsquare Media stock traded up $0.10 during trading on Friday, hitting $7.10. 37,213 shares of the stock traded hands, compared to its average volume of 60,983. The stock has a market cap of $116.02 million, a P/E ratio of -2.62, a PEG ratio of 0.58 and a beta of 1.08. The company has a fifty day moving average price of $7.00 and a two-hundred day moving average price of $8.38. Townsquare Media, Inc. has a twelve month low of $6.47 and a twelve month high of $12.32.

Townsquare Media (NYSE:TSQ - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $98.68 million during the quarter, compared to analysts' expectations of $98.50 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. On average, equities research analysts expect that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.28%. The ex-dividend date is Friday, July 18th. Townsquare Media's payout ratio is -60.15%.

Hedge Funds Weigh In On Townsquare Media

Several institutional investors have recently bought and sold shares of TSQ. Wells Fargo & Company MN increased its holdings in shares of Townsquare Media by 56.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after acquiring an additional 2,259 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Townsquare Media by 73.4% in the 1st quarter. Copeland Capital Management LLC now owns 6,753 shares of the company's stock worth $55,000 after purchasing an additional 2,859 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Townsquare Media during the fourth quarter worth approximately $69,000. Russell Investments Group Ltd. grew its holdings in Townsquare Media by 1,086.0% during the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock valued at $76,000 after purchasing an additional 7,700 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Townsquare Media in the first quarter valued at approximately $86,000. 71.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TSQ shares. Wall Street Zen downgraded shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Noble Financial restated a "buy" rating and set a $21.00 price target on shares of Townsquare Media in a report on Friday, May 9th. Finally, Barrington Research cut their price objective on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, May 9th.

About Townsquare Media

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.