Townsquare Media (NYSE:TSQ) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Townsquare Media stock has fallen below its fifty day moving average, trading last at $6.38, with analysts maintaining a "Moderate Buy" rating and a consensus target price of $17.00.
• The company declared a quarterly dividend of $0.20 per share, representing a 12.5% yield, scheduled to be paid on November 3rd.
• Institutional investors own 71.69% of Townsquare Media's stock, reflecting significant interest from hedge funds and investment firms.

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.79 and traded as low as $6.27. Townsquare Media shares last traded at $6.38, with a volume of 65,227 shares.

Analysts Set New Price Targets

Several research firms have recently commented on TSQ. Weiss Ratings reiterated a "hold (c-)" rating on shares of Townsquare Media in a report on Wednesday, October 8th. Barrington Research reiterated an "outperform" rating and set a $13.00 price target on shares of Townsquare Media in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Townsquare Media Trading Up 0.4%

The stock has a market capitalization of $104.84 million, a PE ratio of 3.16, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The firm's fifty day moving average is $6.79 and its 200-day moving average is $7.06.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $115.45 million for the quarter, compared to analyst estimates of $114.77 million. Townsquare Media had a net margin of 7.93% and a negative return on equity of 56.87%. As a group, equities analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 27th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, October 27th. Townsquare Media's payout ratio is 39.60%.

Insider Transactions at Townsquare Media

In related news, Director Stephen A. Kaplan acquired 10,000 shares of Townsquare Media stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $6.92 per share, for a total transaction of $69,200.00. Following the acquisition, the director owned 208,618 shares in the company, valued at approximately $1,443,636.56. This represents a 5.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 29.20% of the company's stock.

Hedge Funds Weigh In On Townsquare Media

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Townsquare Media in the 2nd quarter valued at about $33,000. Copeland Capital Management LLC grew its position in Townsquare Media by 73.4% in the 1st quarter. Copeland Capital Management LLC now owns 6,753 shares of the company's stock valued at $55,000 after acquiring an additional 2,859 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Townsquare Media in the 1st quarter valued at about $86,000. Occudo Quantitative Strategies LP acquired a new position in Townsquare Media in the 2nd quarter valued at about $101,000. Finally, Ancora Advisors LLC acquired a new position in Townsquare Media in the 1st quarter valued at about $122,000. 71.69% of the stock is 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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