Townsquare Media (NYSE:TSQ) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Townsquare Media, Inc. (NYSE:TSQ) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.79 and traded as low as $6.27. Townsquare Media shares last traded at $6.38, with a volume of 65,227 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSQ. Barrington Research reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Townsquare Media in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Townsquare Media in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Townsquare Media Price Performance

The stock’s 50 day moving average is $6.79 and its two-hundred day moving average is $7.06. The stock has a market capitalization of $104.84 million, a PE ratio of 3.16, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17.

Townsquare Media (NYSE:TSQ) last released its earnings results on Wednesday, August 6th. The company reported $0.22 earnings per share for the quarter, topping 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 firm had revenue of $115.45 million for the quarter, compared to analyst estimates of $114.77 million. On average, equities 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. Investors of record on Monday, October 27th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, October 27th. Townsquare Media’s dividend payout ratio is 39.60%.

Insider Transactions at Townsquare Media

In other Townsquare Media news, Director Stephen A. Kaplan purchased 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $6.92 per share, with a total value of $69,200.00. Following the completion of the acquisition, the director directly owned 208,618 shares of the company’s stock, valued at $1,443,636.56. This trade represents a 5.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. Access Investment Management LLC acquired a new position in Townsquare Media in the second quarter valued at approximately $3,160,000. RBF Capital LLC boosted its holdings in Townsquare Media by 862.7% in the second quarter. RBF Capital LLC now owns 422,931 shares of the company’s stock valued at $3,345,000 after purchasing an additional 379,000 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in Townsquare Media in the second quarter valued at approximately $1,186,000. American Century Companies Inc. boosted its holdings in Townsquare Media by 18.0% in the second quarter. American Century Companies Inc. now owns 856,651 shares of the company’s stock valued at $6,776,000 after purchasing an additional 130,537 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Townsquare Media by 52.7% in the first quarter. Goldman Sachs Group Inc. now owns 271,693 shares of the company’s stock valued at $2,212,000 after acquiring an additional 93,753 shares during the period. 71.69% of the stock is owned by institutional investors and hedge funds.

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.