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 research report sent to investors on Friday. The firm currently has a $21.00 target price on the stock.

TSQ has been the subject of a number of other research reports. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Thursday, November 7th.

Townsquare Media Price Performance

TSQ opened at $9.15 on Friday. The company has a market capitalization of $142.28 million, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of 0.58 and a beta of 1.31. Townsquare Media has a 1-year low of $8.70 and a 1-year high of $13.57. The business has a 50 day moving average price of $9.67 and a two-hundred day moving average price of $10.21.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The company had revenue of $115.31 million during the quarter, compared to the consensus estimate of $115.48 million. During the same quarter in the prior year, the firm earned $0.46 EPS. Equities analysts expect that Townsquare Media will post 1.07 EPS for the current fiscal year.

Townsquare Media Dividend Announcement

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

Insider Buying and Selling at Townsquare Media

In other Townsquare Media news, major shareholder Msd Capital L. P sold 3,311 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $10.32, for a total transaction of $34,169.52. Following the sale, the insider now directly owns 1,515,516 shares of the company’s stock, valued at $15,640,125.12. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were 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 trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,525 shares of company stock valued at $713,275 in the last three months. 30.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Townsquare Media

A number of hedge funds have recently modified their holdings of the stock. Krilogy Financial LLC increased its stake in shares of Townsquare Media by 33.3% in the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock worth $364,000 after acquiring an additional 10,000 shares during the last quarter. Barclays PLC increased its stake in shares of 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 acquiring an additional 14,109 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after acquiring an additional 1,151 shares during the last quarter. State Street Corp increased its stake in shares of Townsquare Media by 4.0% in the third quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after acquiring an additional 1,503 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

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.