Townsquare Media (NYSE:TSQ) Rating Reiterated by Barrington Research

Barrington Research reissued their outperform rating on shares of Townsquare Media (NYSE:TSQ - Free Report) in a research report report published on Tuesday morning, Benzinga reports. Barrington Research currently has a $17.00 price target on the stock.

Several other research firms have also issued reports on TSQ. Guggenheim lifted their price target on shares of Townsquare Media from $12.00 to $12.50 and gave the stock a buy rating in a research report on Wednesday, March 20th. Noble Financial lifted their price objective on shares of Townsquare Media from $20.00 to $21.00 and gave the stock an outperform rating in a research report on Monday. Finally, StockNews.com upgraded shares of Townsquare Media from a hold rating to a buy rating in a research report on Friday.

Townsquare Media Stock Up 3.0 %

NYSE:TSQ traded up $0.35 during mid-day trading on Tuesday, reaching $12.03. The stock had a trading volume of 134,588 shares, compared to its average volume of 49,935. The company has a market capitalization of $200.06 million, a price-to-earnings ratio of -4.39, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37. Townsquare Media has a 1-year low of $7.94 and a 1-year high of $12.65. The stock's 50 day simple moving average is $10.83 and its two-hundred day simple moving average is $10.04. The company has a debt-to-equity ratio of 50.41, a current ratio of 1.74 and a quick ratio of 1.74.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be issued a dividend of $0.198 per share. This is an increase from Townsquare Media's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.79 annualized dividend and a dividend yield of 6.58%. Townsquare Media's payout ratio is presently -27.37%.

Insider Transactions at Townsquare Media

In related news, COO Erik Hellum sold 5,000 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $10.95, for a total value of $54,750.00. Following the sale, the chief operating officer now owns 718,222 shares of the company's stock, valued at $7,864,530.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 13,832 shares of company stock worth $151,935. 29.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Townsquare Media by 0.3% in the third quarter. American Century Companies Inc. now owns 818,235 shares of the company's stock valued at $7,135,000 after acquiring an additional 2,504 shares during the last quarter. BlackRock Inc. increased its holdings in Townsquare Media by 295.4% in the 2nd quarter. BlackRock Inc. now owns 631,135 shares of the company's stock valued at $7,517,000 after buying an additional 471,529 shares during the period. Vanguard Group Inc. increased its position in Townsquare Media by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 591,495 shares of the company's stock worth $6,246,000 after purchasing an additional 7,252 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Townsquare Media by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 536,140 shares of the company's stock worth $3,892,000 after purchasing an additional 6,590 shares in the last quarter. Finally, Access Investment Management LLC acquired a new position in Townsquare Media during the 4th quarter worth approximately $4,156,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.