Townsquare Media (NYSE:TSQ) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Townsquare Media (NYSE:TSQ) from a hold rating to a buy rating in a report published on Thursday morning.

Other research analysts also recently issued reports about the company. Noble Financial reaffirmed an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a report on Friday, January 24th. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Townsquare Media in a research note on Tuesday, March 18th.

Townsquare Media Price Performance

Townsquare Media stock opened at $8.10 on Thursday. The business has a 50 day moving average of $8.58 and a 200-day moving average of $9.45. The company has a market capitalization of $130.50 million, a P/E ratio of -2.99, a P/E/G ratio of 0.58 and a beta of 1.33. Townsquare Media has a 1 year low of $7.56 and a 1 year high of $13.57.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $117.81 million during the quarter, compared to analysts’ expectations of $116.41 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts anticipate that Townsquare Media will post 1.07 EPS for the current year.

Townsquare Media Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date is Thursday, April 17th. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio (DPR) is currently -69.57%.

Insider Buying and Selling at Townsquare Media

In other news, EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.22, for a total value of $46,100.00. Following the transaction, the executive vice president now directly owns 214,953 shares of the company’s stock, valued at $1,981,866.66. The trade was a 2.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 30.50% of the company’s stock.

Institutional Investors Weigh In On Townsquare Media

Several large investors have recently added to or reduced their stakes in TSQ. Wells Fargo & Company MN lifted its stake in Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock valued at $57,000 after buying an additional 2,259 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after acquiring an additional 1,503 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Townsquare Media during the 4th quarter valued at $69,000. Russell Investments Group Ltd. lifted its position in shares of Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock valued at $76,000 after acquiring an additional 7,700 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in Townsquare Media by 47.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock worth $247,000 after acquiring an additional 8,700 shares in the last quarter. Institutional investors and hedge funds 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.