Townsquare Media (NYSE:TSQ) Earns Outperform Rating from Barrington Research

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a report issued on Tuesday,Benzinga reports. They presently have a $15.00 target price on the stock. Barrington Research’s price target would indicate a potential upside of 84.43% from the company’s previous close.

Separately, Noble Financial reiterated an “outperform” rating and set a $21.00 price target on shares of Townsquare Media in a research report on Friday, January 24th.

Townsquare Media Price Performance

Townsquare Media stock opened at $8.13 on Tuesday. The firm has a market cap of $126.44 million, a PE ratio of -3.00, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. The stock’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $9.57. Townsquare Media has a one year low of $7.56 and a one year high of $13.57.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $117.81 million for the quarter, compared to analysts’ expectations of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same quarter last year, the business earned $0.34 earnings per share. Sell-side analysts expect that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Townsquare Media

In related news, EVP Scott Schatz sold 4,594 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $9.65, for a total transaction of $44,332.10. Following the sale, the executive vice president now owns 31,366 shares of the company’s stock, valued at $302,681.90. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,094 shares of company stock worth $191,807 over the last 90 days. Insiders own 30.50% of the company’s stock.

Institutional Trading of Townsquare Media

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in Townsquare Media by 130.7% in the 4th quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock valued at $942,000 after buying an additional 58,700 shares during the last quarter. Millennium Management LLC raised its stake in shares of Townsquare Media by 129.9% during the fourth quarter. Millennium Management LLC now owns 92,557 shares of the company’s stock valued at $841,000 after acquiring an additional 52,299 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Townsquare Media during the fourth quarter worth $369,000. Northern Trust Corp grew its stake in shares of Townsquare Media by 25.1% in the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock worth $1,317,000 after purchasing an additional 29,019 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Townsquare Media by 77.6% during the 4th quarter. Two Sigma Investments LP now owns 62,859 shares of the company’s stock worth $571,000 after purchasing an additional 27,458 shares during the last quarter. 71.69% of the stock is currently owned by 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.