Townsquare Media (NYSE:TSQ) Upgraded at StockNews.com

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

A number of other equities analysts have also commented on the stock. Noble Financial reaffirmed an “outperform” rating and set a $21.00 price target on shares of Townsquare Media in a research report on Friday, January 24th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Townsquare Media in a report on Tuesday, March 18th.

Townsquare Media Stock Performance

Shares of TSQ stock opened at $8.10 on Thursday. Townsquare Media has a 52 week low of $7.56 and a 52 week high of $13.57. The company has a market capitalization of $130.50 million, a price-to-earnings ratio of -2.99, a PEG ratio of 0.58 and a beta of 1.33. The company has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $9.45.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $117.81 million during 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 in the previous year, the company posted $0.34 earnings per share. Sell-side analysts forecast that Townsquare Media will post 1.07 EPS for the current year.

Townsquare Media Increases Dividend

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

Insider Activity at Townsquare Media

In related news, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction that occurred on Monday, December 30th. The shares were 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. This trade represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 30.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Townsquare Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. Wells Fargo & Company MN raised its holdings in shares of Townsquare Media by 56.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after buying an additional 2,259 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Townsquare Media by 28.9% during 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 in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Townsquare Media in the fourth quarter worth about $69,000. Russell Investments Group Ltd. boosted its stake in shares of Townsquare Media by 1,086.0% in the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock valued at $76,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Townsquare Media by 47.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock valued at $247,000 after purchasing an additional 8,700 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

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.