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

Shares of Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.40 and traded as high as $10.79. Townsquare Media shares last traded at $10.29, with a volume of 30,105 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TSQ shares. StockNews.com cut shares of Townsquare Media from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Townsquare Media in a research report on Monday, August 12th.

Townsquare Media Stock Down 2.5 %

The stock has a 50-day simple moving average of $10.36 and a 200-day simple moving average of $11.07. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. The company has a market cap of $154.36 million, a price-to-earnings ratio of -3.95, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.28). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The business had revenue of $118.23 million during the quarter, compared to analyst estimates of $117.99 million. As a group, analysts predict that Townsquare Media, Inc. will post 0.97 EPS for the current year.

Townsquare Media Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.1975 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.88%. Townsquare Media's payout ratio is presently -31.10%.

Insider Buying and Selling at Townsquare Media

In related news, COO Erik Hellum sold 18,166 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the completion of the sale, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Stephen A. Kaplan purchased 50,000 shares of the stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the transaction, the director now directly owns 137,808 shares of the company's stock, valued at approximately $1,434,581.28. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Erik Hellum sold 18,166 shares of Townsquare Media stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the transaction, the chief operating officer now directly owns 562,680 shares of the company's stock, valued at approximately $5,654,934. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,585 shares of company stock valued at $289,812 in the last 90 days. 30.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Townsquare Media

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Privium Fund Management UK Ltd bought a new stake in Townsquare Media during the 2nd quarter worth about $232,000. Renaissance Technologies LLC boosted its stake in Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company's stock valued at $5,287,000 after acquiring an additional 17,900 shares during the last quarter. Vanguard Group Inc. grew its holdings in Townsquare Media by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company's stock worth $6,627,000 after acquiring an additional 12,073 shares during the period. Virtu Financial LLC bought a new stake in shares of Townsquare Media during the 1st quarter valued at $124,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Townsquare Media by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company's stock valued at $824,000 after purchasing an additional 8,079 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.