Townsquare Media (NYSE:TSQ) Stock Rating Lowered by StockNews.com

Townsquare Media (NYSE:TSQ - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Several other analysts have also weighed in on TSQ. Noble Financial reiterated an "outperform" rating and set a $21.00 target price on shares of Townsquare Media in a research report on Friday, January 24th. Barrington Research reissued an "outperform" rating and set a $15.00 price objective on shares of Townsquare Media in a report on Tuesday, March 18th.

Townsquare Media Stock Up 0.4 %

Shares of TSQ stock traded up $0.03 during mid-day trading on Wednesday, reaching $7.89. The stock had a trading volume of 131,139 shares, compared to its average volume of 56,993. Townsquare Media has a one year low of $7.56 and a one year high of $13.57. The firm has a market cap of $127.24 million, a PE ratio of -2.91, a P/E/G ratio of 0.58 and a beta of 1.33. The firm's 50 day simple moving average is $8.67 and its 200 day simple moving average is $9.50.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its earnings results on Monday, March 17th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The firm had revenue of $117.81 million during the quarter, compared to analysts' expectations of $116.41 million. During the same period last year, the business earned $0.34 earnings per share. Sell-side analysts forecast that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

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Insider Transactions at Townsquare Media

In related news, EVP Scott Schatz sold 5,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $9.64, for a total value of $48,200.00. Following the completion of the transaction, the executive vice president now owns 38,068 shares in the company, valued at $366,975.52. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 14,594 shares of company stock worth $138,632. Insiders own 30.50% of the company's stock.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently made changes to their positions in TSQ. Wells Fargo & Company MN boosted its holdings in Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after acquiring an additional 2,259 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company's stock worth $68,000 after buying an additional 1,503 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Townsquare Media in the fourth quarter valued at approximately $69,000. Russell Investments Group Ltd. boosted its stake in Townsquare Media by 1,086.0% in the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock valued at $76,000 after acquiring an additional 7,700 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in Townsquare Media by 47.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company's stock worth $247,000 after acquiring an additional 8,700 shares during the period. 71.69% of the stock is owned by institutional investors and hedge funds.

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.