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 released on Friday morning. The brokerage currently has a $21.00 target price on the stock.

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

Townsquare Media Price Performance

Shares of TSQ opened at $9.15 on Friday. The business’s 50-day moving average is $9.67 and its 200-day moving average is $10.21. The company has a market capitalization of $142.26 million, a price-to-earnings ratio of -3.38, a P/E/G ratio of 0.58 and a beta of 1.31. Townsquare Media has a fifty-two week low of $8.70 and a fifty-two week high of $13.57.

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

Townsquare Media Announces Dividend

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

Insider Activity at Townsquare Media

In other news, major shareholder Msd Capital L. P sold 36,574 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $10.16, for a total value of $371,591.84. Following the sale, the insider now directly owns 1,470,067 shares of the company’s stock, valued at approximately $14,935,880.72. This trade represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Schatz sold 5,000 shares of Townsquare Media stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $9.64, for a total value of $48,200.00. Following the completion of the transaction, the executive vice president now owns 38,068 shares in the company, valued at $366,975.52. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,525 shares of company stock valued at $713,275. Corporate insiders own 30.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after acquiring an additional 14,109 shares during the period. State Street Corp boosted its holdings in Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares during the period. BNP Paribas Financial Markets grew its position in Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after purchasing an additional 1,503 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 period. Finally, Rhumbline Advisers raised its position in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares during the last quarter. 71.69% of the stock is 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.