Barrington Research Reiterates "Outperform" Rating for Townsquare Media (NYSE:TSQ)

Barrington Research restated their outperform rating on shares of Townsquare Media (NYSE:TSQ - Free Report) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $15.00 price objective on the stock. Barrington Research also issued estimates for Townsquare Media's Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $0.85 EPS, Q1 2026 earnings at ($0.07) EPS, Q2 2026 earnings at $0.34 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.54 EPS, FY2026 earnings at $1.11 EPS and FY2027 earnings at $0.84 EPS.

Separately, Noble Financial restated an "outperform" rating and set a $21.00 target price on shares of Townsquare Media in a research report on Friday, January 24th.

Townsquare Media Stock Performance

Shares of Townsquare Media stock traded up $0.03 on Tuesday, hitting $7.89. The company had a trading volume of 131,139 shares, compared to its average volume of 57,029. The stock has a market capitalization of $122.73 million, a price-to-earnings ratio of -2.91, a P/E/G ratio of 0.58 and a beta of 1.33. Townsquare Media has a 1 year low of $7.56 and a 1 year high of $13.57. The stock has a 50 day moving average of $8.67 and a 200-day moving average of $9.51.

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Townsquare Media (NYSE:TSQ - Get Free Report) last released its earnings results on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $117.81 million during the quarter, compared to analyst estimates of $116.41 million. During the same period in the prior year, the company posted $0.34 earnings per share. Equities analysts anticipate that Townsquare Media will post 1.07 earnings per share for the current year.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 10.13%. This is an increase from Townsquare Media's previous quarterly dividend of $0.20. Townsquare Media's payout ratio is currently -29.15%.

Insider Transactions at Townsquare Media

In other news, EVP Claire Marie Yenicay sold 5,000 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $9.22, for a total value of $46,100.00. Following the sale, the executive vice president now directly owns 214,953 shares of the company's stock, valued at $1,981,866.66. The trade was a 2.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott Schatz sold 4,594 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total value of $44,332.10. Following the completion of the transaction, the executive vice president now directly owns 31,366 shares in the company, valued at $302,681.90. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,594 shares of company stock worth $138,632. Company insiders own 30.50% of the company's stock.

Hedge Funds Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Townsquare Media by 56.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock worth $57,000 after purchasing an additional 2,259 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company's stock worth $68,000 after purchasing an additional 1,503 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Townsquare Media in the 4th quarter worth $69,000. Russell Investments Group Ltd. increased its stake in shares of Townsquare Media by 1,086.0% in the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock worth $76,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Townsquare Media by 47.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company's stock worth $247,000 after purchasing an additional 8,700 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

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.