Townsquare Media (NYSE:TSQ) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Shares of Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.32 and traded as high as $8.65. Townsquare Media shares last traded at $8.40, with a volume of 140,855 shares changing hands.

Wall Street Analysts Forecast Growth

TSQ has been the subject of a number of analyst reports. Noble Financial restated a "buy" rating and set a $21.00 price objective on shares of Townsquare Media in a research report on Friday, May 9th. Barrington Research lowered their price target on shares of Townsquare Media from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen cut shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.

Townsquare Media Stock Down 14.8%

The company has a market capitalization of $126.07 million, a P/E ratio of -5.80, a PEG ratio of 1.64 and a beta of 1.13. The business has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $7.91.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $98.68 million for the quarter, compared to analysts' expectations of $98.50 million. Townsquare Media had a negative net margin of 3.41% and a negative return on equity of 41.58%. Equities analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 10.38%. Townsquare Media's dividend payout ratio is -60.15%.

Insider Activity at Townsquare Media

In other Townsquare Media news, COO Erik Hellum sold 17,305 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $7.00, for a total transaction of $121,135.00. Following the completion of the transaction, the chief operating officer directly owned 741,643 shares in the company, valued at $5,191,501. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 35,000 shares of company stock valued at $246,267 in the last three months. Corporate insiders own 30.50% of the company's stock.

Hedge Funds Weigh In On Townsquare Media

Hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Townsquare Media by 3.8% during the 1st quarter. American Century Companies Inc. now owns 726,114 shares of the company's stock worth $5,911,000 after purchasing an additional 26,327 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Townsquare Media by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 374,032 shares of the company's stock valued at $3,045,000 after purchasing an additional 20,525 shares during the period. Geode Capital Management LLC boosted its stake in Townsquare Media by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 280,897 shares of the company's stock valued at $2,554,000 after purchasing an additional 1,912 shares during the period. Goldman Sachs Group Inc. boosted its stake in Townsquare Media by 52.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 271,693 shares of the company's stock valued at $2,212,000 after purchasing an additional 93,753 shares during the period. Finally, Northern Trust Corp boosted its stake in Townsquare Media by 25.1% in the 4th quarter. Northern Trust Corp now owns 144,847 shares of the company's stock valued at $1,317,000 after purchasing an additional 29,019 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.