Townsquare Media (NYSE:TSQ) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Shares of Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.04 and traded as low as $10.31. Townsquare Media shares last traded at $10.32, with a volume of 24,675 shares traded.

Analyst Ratings Changes

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

Townsquare Media Stock Up 1.1 %

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 stock has a market capitalization of $160.52 million, a PE ratio of -1.84, a P/E/G ratio of 0.91 and a beta of 1.35. The firm has a 50 day moving average of $10.26 and a two-hundred day moving average of $11.04.

Townsquare Media (NYSE:TSQ - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $118.23 million during the quarter, compared to analyst estimates of $117.99 million. Equities research analysts anticipate that Townsquare Media, Inc. will post 0.97 earnings per share for the current year.

Townsquare Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Tuesday, October 15th. Townsquare Media's payout ratio is -14.08%.

Insider Transactions at Townsquare Media

In other news, Director Stephen A. Kaplan acquired 50,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 137,808 shares in the company, valued at $1,434,581.28. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Townsquare Media news, Director Stephen A. Kaplan bought 50,000 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average cost of $10.41 per share, with a total value of $520,500.00. Following the completion of the purchase, the director now directly owns 137,808 shares in the company, valued at approximately $1,434,581.28. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Erik Hellum sold 9,223 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90. Following the completion of the transaction, the chief operating officer now directly owns 607,680 shares of the company's stock, valued at $6,259,104. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,585 shares of company stock valued at $289,812. Insiders own 34.90% of the company's stock.

Institutional Investors Weigh In On Townsquare Media

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Townsquare Media by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company's stock worth $465,000 after buying an additional 3,469 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Townsquare Media by 8.0% in the 1st quarter. Empowered Funds LLC now owns 64,125 shares of the company's stock worth $704,000 after purchasing an additional 4,725 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 buying an additional 12,073 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Townsquare Media by 12.1% in the first 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 in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Townsquare Media in the 1st quarter valued at $124,000. Institutional investors own 71.69% of the company's stock.

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.