Townsquare Media (NYSE:TSQ) Lowered to Hold Rating by StockNews.com

Townsquare Media (NYSE:TSQ - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Other analysts also recently issued reports about the stock. Barrington Research dropped their price objective on shares of Townsquare Media from $15.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Noble Financial restated a "buy" rating and issued a $21.00 price objective on shares of Townsquare Media in a research report on Friday, May 9th.

Townsquare Media Stock Down 1.5%

Shares of TSQ opened at $7.01 on Friday. The company has a market cap of $112.99 million, a price-to-earnings ratio of -2.59, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. Townsquare Media has a twelve month low of $6.47 and a twelve month high of $12.32. The company has a 50 day moving average of $7.34 and a two-hundred day moving average of $8.70.

Townsquare Media (NYSE:TSQ - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, hitting 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 the consensus estimate of $98.50 million. On average, sell-side analysts expect that Townsquare Media will post 1.07 EPS for the current year.

Institutional Investors Weigh In On Townsquare Media

Institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP increased its holdings in Townsquare Media by 130.7% in the 4th quarter. Two Sigma Advisers LP now owns 103,600 shares of the company's stock valued at $942,000 after purchasing an additional 58,700 shares during the last quarter. Millennium Management LLC boosted its position in shares of Townsquare Media by 129.9% during the fourth quarter. Millennium Management LLC now owns 92,557 shares of the company's stock worth $841,000 after buying an additional 52,299 shares during the period. Marshall Wace LLP acquired a new stake in shares of Townsquare Media in the fourth quarter valued at $369,000. Northern Trust Corp grew its stake in shares of Townsquare Media by 25.1% in the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company's stock valued at $1,317,000 after buying an additional 29,019 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Townsquare Media by 77.6% in the 4th quarter. Two Sigma Investments LP now owns 62,859 shares of the company's stock valued at $571,000 after buying an additional 27,458 shares during the period. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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