Townsquare Media (NYSE:TSQ) Earns Outperform Rating from Barrington Research

Townsquare Media (NYSE:TSQ - Get Free Report)'s stock had its "outperform" rating restated by analysts at Barrington Research in a report released on Thursday, Benzinga reports. They presently have a $17.00 price objective on the stock. Barrington Research's price objective would indicate a potential upside of 39.57% from the stock's previous close.

Several other analysts have also weighed in on TSQ. Noble Financial lifted their price objective on Townsquare Media from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, April 1st. StockNews.com upgraded shares of Townsquare Media from a "hold" rating to a "buy" rating in a research report on Friday, April 19th. Finally, Guggenheim lifted their price objective on Townsquare Media from $12.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 20th.

Townsquare Media Stock Performance

TSQ traded down $0.02 during midday trading on Thursday, reaching $12.18. The company's stock had a trading volume of 94,412 shares, compared to its average volume of 57,304. Townsquare Media has a twelve month low of $8.00 and a twelve month high of $13.57. The stock has a market cap of $202.55 million, a P/E ratio of -4.45, a PEG ratio of 0.69 and a beta of 1.33. The company has a fifty day simple moving average of $11.69 and a 200 day simple moving average of $10.70. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 50.41.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its earnings results on Friday, March 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The business had revenue of $114.79 million for the quarter, compared to analyst estimates of $111.78 million. Townsquare Media had a negative net margin of 9.90% and a positive return on equity of 55.40%. Research analysts expect that Townsquare Media will post 1.54 earnings per share for the current year.

Insider Activity at Townsquare Media

In related news, CFO Stuart B. Rosenstein sold 782,840 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total value of $9,675,902.40. Following the completion of the transaction, the chief financial officer now owns 492,663 shares in the company, valued at approximately $6,089,314.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Claire Marie Yenicay sold 31,048 shares of Townsquare Media stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total transaction of $383,753.28. Following the completion of the sale, the executive vice president now directly owns 190,191 shares of the company's stock, valued at $2,350,760.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stuart B. Rosenstein sold 782,840 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total transaction of $9,675,902.40. Following the completion of the sale, the chief financial officer now owns 492,663 shares in the company, valued at $6,089,314.68. The disclosure for this sale can be found here. Insiders sold 2,886,934 shares of company stock valued at $35,653,276 in the last three months. Corporate insiders own 34.90% of the company's stock.

Hedge Funds Weigh In On Townsquare Media

Several institutional investors have recently modified their holdings of the business. Gabelli Funds LLC lifted its stake in Townsquare Media by 86.1% in the third quarter. Gabelli Funds LLC now owns 59,000 shares of the company's stock valued at $514,000 after buying an additional 27,300 shares in the last quarter. Bailard Inc. acquired a new position in Townsquare Media in the 4th quarter worth $247,000. Janney Montgomery Scott LLC boosted its stake in Townsquare Media by 24.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 33,039 shares of the company's stock worth $288,000 after purchasing an additional 6,553 shares during the period. Ritholtz Wealth Management increased its holdings in Townsquare Media by 49.9% during the 4th quarter. Ritholtz Wealth Management now owns 24,131 shares of the company's stock worth $255,000 after purchasing an additional 8,035 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Townsquare Media by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 818,235 shares of the company's stock valued at $7,135,000 after purchasing an additional 2,504 shares during the period. Institutional investors own 71.69% of the company's stock.

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.