Townsquare Media (NYSE:TSQ) Stock Price Passes Below 200 Day Moving Average - Here's Why

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.57 and traded as low as $6.54. Townsquare Media shares last traded at $6.77, with a volume of 47,341 shares changing hands.

Analyst Upgrades and Downgrades

TSQ has been the subject of several research reports. Wall Street Zen cut shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Noble Financial reissued a "buy" rating and set a $21.00 target price on shares of Townsquare Media in a research note on Friday, May 9th. Finally, 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 report on Friday, May 9th.

Townsquare Media Stock Down 0.1%

The stock has a market cap of $109.61 million, a P/E ratio of -2.51, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. The firm's 50-day moving average is $7.17 and its two-hundred day moving average is $8.51.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $98.68 million during the quarter, compared to analysts' expectations of $98.50 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. Analysts anticipate that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.76%. The ex-dividend date of this dividend is Friday, July 18th. Townsquare Media's payout ratio is -60.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Townsquare Media by 52.7% in the first quarter. Goldman Sachs Group Inc. now owns 271,693 shares of the company's stock worth $2,212,000 after purchasing an additional 93,753 shares during the period. Ancora Advisors LLC bought a new position in Townsquare Media in the 1st quarter worth approximately $122,000. Trexquant Investment LP lifted its holdings in shares of Townsquare Media by 96.4% during the first quarter. Trexquant Investment LP now owns 55,679 shares of the company's stock worth $453,000 after buying an additional 27,326 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Townsquare Media by 5.8% during the first quarter. Gamco Investors INC. ET AL now owns 374,032 shares of the company's stock worth $3,045,000 after buying an additional 20,525 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Townsquare Media in the first quarter valued at approximately $86,000. 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.