Erik Hellum Sells 1,196 Shares of Townsquare Media, Inc. (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 1,196 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $10.24, for a total value of $12,247.04. Following the transaction, the chief operating officer now owns 595,353 shares of the company's stock, valued at $6,096,414.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Erik Hellum also recently made the following trade(s):

• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The stock was sold at an average price of $10.30, for a total value of $94,996.90.

Townsquare Media Stock Up 1.0 %

Shares of NYSE:TSQ traded up $0.10 during trading on Friday, hitting $10.19. 41,287 shares of the company's stock traded hands, compared to its average volume of 54,196. Townsquare Media, Inc. has a 52 week low of $8.00 and a 52 week high of $13.57. 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 $156.82 million, a price-to-earnings ratio of -3.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. The company has a 50-day moving average price of $10.64 and a 200-day moving average price of $11.09.

Townsquare Media (NYSE:TSQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $117.99 million. As a group, research analysts forecast that Townsquare Media, Inc. will post 0.97 EPS for the current fiscal year.

Townsquare Media Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.1975 dividend. This represents a $0.79 annualized dividend and a yield of 7.75%. The ex-dividend date is Tuesday, October 15th. Townsquare Media's payout ratio is -31.10%.

Analysts Set New Price Targets

TSQ has been the subject of several analyst reports. StockNews.com lowered Townsquare Media from a "buy" rating to a "hold" rating in a research report 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.

Institutional Investors Weigh In On Townsquare Media

Several institutional investors have recently bought and sold shares of the company. Access Investment Management LLC lifted its stake in Townsquare Media by 0.5% in the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company's stock valued at $4,340,000 after acquiring an additional 2,140 shares in the last quarter. Rhumbline Advisers lifted its stake in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company's stock valued at $139,000 after acquiring an additional 2,481 shares in the last quarter. Gabelli Funds LLC lifted its stake in Townsquare Media by 5.1% in the 4th quarter. Gabelli Funds LLC now owns 62,000 shares of the company's stock valued at $655,000 after acquiring an additional 3,000 shares in the last quarter. Boyar Asset Management Inc. lifted its stake in Townsquare Media by 8.7% in the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company's stock valued at $429,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Townsquare Media by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company's stock valued at $465,000 after acquiring an additional 3,469 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.