Townsquare Media (NYSE:TSQ) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Townsquare Media, Inc. (NYSE:TSQ) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.85 and traded as low as $6.07. Townsquare Media shares last traded at $6.11, with a volume of 72,462 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and set a $13.00 price objective on shares of Townsquare Media in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Townsquare Media in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Townsquare Media Stock Down 1.0%

The business’s 50-day simple moving average is $6.85 and its 200 day simple moving average is $7.12. The firm has a market capitalization of $100.45 million, a P/E ratio of 3.02, a PEG ratio of 1.84 and a beta of 1.17.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Townsquare Media had a net margin of 7.93% and a negative return on equity of 56.87%. The business had revenue of $115.45 million for the quarter, compared to analysts’ expectations of $114.77 million. Sell-side analysts predict that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Townsquare Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 27th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Monday, October 27th. Townsquare Media’s dividend payout ratio (DPR) is presently 39.60%.

Insider Buying and Selling at Townsquare Media

In related news, Director Stephen A. Kaplan acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $6.92 per share, with a total value of $69,200.00. Following the completion of the purchase, the director owned 208,618 shares in the company, valued at $1,443,636.56. This trade represents a 5.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 29.20% of the company’s stock.

Institutional Trading of Townsquare Media

A number of institutional investors have recently made changes to their positions in TSQ. Raymond James Financial Inc. purchased a new stake in shares of Townsquare Media during the second quarter valued at approximately $33,000. Copeland Capital Management LLC boosted its stake in shares of Townsquare Media by 73.4% during the first quarter. Copeland Capital Management LLC now owns 6,753 shares of the company’s stock valued at $55,000 after purchasing an additional 2,859 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Townsquare Media during the first quarter valued at approximately $86,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Townsquare Media during the second quarter valued at approximately $101,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Townsquare Media during the first quarter valued at approximately $122,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.