Erik Hellum Sells 4,591 Shares of Townsquare Media, Inc. (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 4,591 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $7.08, for a total transaction of $32,504.28. Following the transaction, the chief operating officer now owns 733,948 shares in the company, valued at $5,196,351.84. The trade was a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Erik Hellum also recently made the following trade(s):

• On Thursday, June 5th, Erik Hellum sold 3,104 shares of Townsquare Media stock. The shares were sold at an average price of $7.00, for a total value of $21,728.00.
• On Tuesday, June 3rd, Erik Hellum sold 17,305 shares of Townsquare Media stock. The shares were sold at an average price of $7.00, for a total value of $121,135.00.

Townsquare Media Stock Performance

Shares of TSQ traded down $0.02 during trading hours on Thursday, hitting $6.98. 104,386 shares of the stock were exchanged, compared to its average volume of 62,710. Townsquare Media, Inc. has a 12-month low of $6.47 and a 12-month high of $12.32. The company has a market cap of $114.14 million, a price-to-earnings ratio of -2.58, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11. The stock's 50-day moving average price is $6.94 and its two-hundred day moving average price is $8.30.

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

Townsquare Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 11.46%. Townsquare Media's dividend payout ratio is presently -60.15%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC grew its stake in shares of Townsquare Media by 73.4% in the first quarter. Copeland Capital Management LLC now owns 6,753 shares of the company's stock worth $55,000 after acquiring an additional 2,859 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after purchasing an additional 2,259 shares during the period. Wealthfront Advisers LLC purchased a new position in Townsquare Media in the fourth quarter valued at $69,000. Russell Investments Group Ltd. raised its position in Townsquare Media by 1,086.0% in the 4th 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 in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Townsquare Media in the 1st quarter valued at about $86,000. Institutional investors and hedge funds own 71.69% of the company's stock.

Analysts Set New Price Targets

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

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.