Townsquare Media (NYSE:TSQ) Shares Pass Above 50-Day Moving Average - Should You Sell?

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Noble Financial reiterated a "buy" rating and issued a $21.00 price target on shares of Townsquare Media in a research note on Friday, May 9th. Wall Street Zen cut Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Barrington Research cut their price target 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.

Townsquare Media Stock Down 8.6%

The firm has a 50 day simple moving average of $7.40 and a two-hundred day simple moving average of $7.92. The stock has a market capitalization of $132.29 million, a P/E ratio of -6.08, a PEG ratio of 1.53 and a beta of 1.13.

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 return on equity of 41.58% and a negative net margin of 3.41%. The firm had revenue of $98.68 million during the quarter, compared to analysts' expectations of $98.50 million. On average, research analysts predict that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Townsquare Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued 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 9.89%. Townsquare Media's dividend payout ratio (DPR) is presently -60.15%.

Insider Activity

In other news, COO Erik Hellum sold 17,305 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were 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 approximately $5,191,501. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 35,000 shares of company stock worth $246,267 in the last three months. 30.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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