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

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.14 and traded as high as $8.33. Townsquare Media shares last traded at $7.98, with a volume of 105,695 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSQ. Noble Financial restated a "buy" rating and set a $21.00 price target on shares of Townsquare Media in a research note on Friday, May 9th. Barrington Research dropped their price target on 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 downgraded Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.

Townsquare Media Trading Down 1.0%

The business has a 50 day moving average of $7.26 and a 200-day moving average of $7.94. The stock has a market cap of $133.58 million, a PE ratio of -6.14, a P/E/G ratio of 1.49 and a beta of 1.13.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, meeting 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 company had revenue of $98.68 million for the quarter, compared to the consensus estimate of $98.50 million. Research analysts expect that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.20 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 9.79%. Townsquare Media's dividend payout ratio (DPR) is currently -60.15%.

Insider Buying and Selling at Townsquare Media

In other Townsquare Media news, COO Erik Hellum sold 17,305 shares of Townsquare Media stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $7.00, for a total value of $121,135.00. Following the transaction, the chief operating officer directly owned 741,643 shares in the company, valued at approximately $5,191,501. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 35,000 shares of company stock valued at $246,267. Company insiders own 30.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Townsquare Media by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,730 shares of the company's stock valued at $370,000 after buying an additional 3,319 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Townsquare Media in the 4th quarter valued at approximately $69,000. American Century Companies Inc. lifted its holdings in shares of Townsquare Media by 1.3% in the 4th quarter. American Century Companies Inc. now owns 699,787 shares of the company's stock valued at $6,361,000 after buying an additional 9,292 shares during the period. Sei Investments Co. lifted its holdings in shares of Townsquare Media by 2.1% in the 4th quarter. Sei Investments Co. now owns 72,426 shares of the company's stock valued at $658,000 after buying an additional 1,513 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Townsquare Media by 47.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company's stock valued at $247,000 after buying an additional 8,700 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

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.