Townsquare Media (NYSE:TSQ) Shares Cross Below 200-Day Moving Average - What's Next?

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.08 and traded as low as $8.98. Townsquare Media shares last traded at $9.06, with a volume of 25,278 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of Townsquare Media from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Barrington Research reiterated an "outperform" rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th. Finally, Noble Financial reiterated an "outperform" rating and issued a $21.00 price objective on shares of Townsquare Media in a research note on Friday, January 24th.

Townsquare Media Trading Up 0.8 %

The stock has a market capitalization of $141.09 million, a PE ratio of -3.35, a P/E/G ratio of 0.59 and a beta of 1.31. The stock's fifty day simple moving average is $9.48 and its 200-day simple moving average is $10.03.

Townsquare Media (NYSE:TSQ - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $115.31 million for the quarter, compared to the consensus estimate of $115.48 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same period in the previous year, the firm earned $0.46 EPS. As a group, analysts anticipate that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction on Monday, December 30th. The stock was sold at an average price of $9.22, for a total transaction of $46,100.00. Following the sale, the executive vice president now directly owns 214,953 shares in the company, valued at $1,981,866.66. The trade was a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Msd Capital L. P sold 5,139 shares of Townsquare Media stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.03, for a total value of $51,544.17. Following the sale, the insider now owns 1,452,549 shares in the company, valued at $14,569,066.47. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,957 shares of company stock valued at $616,473 in the last three months. 30.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Townsquare Media

A number of hedge funds have recently made changes to their positions in TSQ. Copeland Capital Management LLC bought a new stake in shares of Townsquare Media during the 3rd quarter worth $39,000. BNP Paribas Financial Markets raised its stake in shares of Townsquare Media by 28.9% during 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 during the period. Wealthfront Advisers LLC bought a new stake in shares of Townsquare Media during the 4th quarter worth $69,000. Krilogy Financial LLC raised its stake in shares of Townsquare Media by 33.3% during the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company's stock worth $364,000 after purchasing an additional 10,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Townsquare Media by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,730 shares of the company's stock worth $370,000 after purchasing an additional 3,319 shares during the period. 71.69% of the stock is currently owned by institutional investors.

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.