Townsquare Media's (TSQ) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Townsquare Media's stock has been given a "hold (C-)" rating by Weiss Ratings, indicating a cautious outlook from the investment analysts.
• Despite the hold rating, Barrington Research issued an "outperform" rating with a price target of $13.00, suggesting potential for growth in the stock.
• Insider activity showed Director Stephen A. Kaplan purchasing 10,000 shares at an average cost of $6.92 per share, reflecting confidence in the company's future performance.

Townsquare Media (NYSE:TSQ - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $13.00 price objective on shares of Townsquare Media in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.00.

Townsquare Media Trading Up 1.5%

Shares of NYSE:TSQ traded up $0.09 during midday trading on Wednesday, reaching $6.35. 53,884 shares of the company were exchanged, compared to its average volume of 78,681. The stock has a market cap of $104.46 million, a PE ratio of 3.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business's fifty day moving average is $6.90 and its two-hundred day moving average is $7.18. Townsquare Media has a one year low of $6.22 and a one year high of $10.60.

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 for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The firm had revenue of $115.45 million during the quarter, compared to analyst estimates of $114.77 million. Townsquare Media had a negative return on equity of 56.87% and a net margin of 7.93%. As a group, sell-side analysts expect that Townsquare Media will post 1.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen A. Kaplan bought 10,000 shares of Townsquare Media stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $6.92 per share, with a total value of $69,200.00. Following the completion of the transaction, the director owned 208,618 shares in the company, valued at $1,443,636.56. The trade was a 5.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 29.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently made changes to their positions in TSQ. Raymond James Financial Inc. bought a new stake in shares of Townsquare Media in the second quarter valued at about $33,000. Copeland Capital Management LLC boosted its stake in shares of Townsquare Media by 73.4% during the first quarter. Copeland Capital Management LLC now owns 6,753 shares of the company's stock valued at $55,000 after purchasing an additional 2,859 shares in the last quarter. Hsbc Holdings PLC bought a new position in Townsquare Media in the first quarter worth approximately $86,000. Occudo Quantitative Strategies LP purchased a new stake in Townsquare Media during the second quarter worth $101,000. Finally, Ancora Advisors LLC bought a new stake in Townsquare Media during the 1st quarter valued at $122,000. 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.

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