Townsquare Media (NYSE:TSQ) Given Outperform Rating at Noble Financial

Noble Financial restated their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a report issued on Friday morning. They currently have a $21.00 target price on the stock.

Other research analysts have also issued reports about the company. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a research report on Thursday, November 7th.

Townsquare Media Stock Performance

NYSE:TSQ opened at $9.15 on Friday. The company has a 50-day moving average of $9.67 and a 200-day moving average of $10.21. Townsquare Media has a 52 week low of $8.70 and a 52 week high of $13.57. The company has a market capitalization of $142.26 million, a price-to-earnings ratio of -3.38, a PEG ratio of 0.58 and a beta of 1.31.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The firm had revenue of $115.31 million during the quarter, compared to analysts’ expectations of $115.48 million. During the same quarter last year, the company earned $0.46 earnings per share. Sell-side analysts forecast that Townsquare Media will post 1.07 EPS for the current year.

Townsquare Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be given a $0.1975 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.63%. Townsquare Media’s payout ratio is -29.15%.

Insiders Place Their Bets

In related news, major shareholder Msd Capital L. P sold 6,257 shares of Townsquare Media stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.01, for a total value of $62,632.57. Following the completion of the transaction, the insider now directly owns 1,506,641 shares of the company’s stock, valued at $15,081,476.41. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Claire Marie Yenicay sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $9.65, for a total transaction of $48,250.00. Following the sale, the executive vice president now directly owns 207,393 shares in the company, valued at approximately $2,001,342.45. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,525 shares of company stock valued at $713,275. 30.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TSQ. Krilogy Financial LLC increased its stake in shares of Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after buying an additional 10,000 shares during the period. Barclays PLC increased its position in Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the period. Geode Capital Management LLC raised its holdings in Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares during the last quarter. State Street Corp raised its holdings in Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after purchasing an additional 6,800 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares during the period. Institutional investors own 71.69% of the company’s stock.

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.