Townsquare Media (NYSE:TSQ) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.47 and traded as low as $9.95. Townsquare Media shares last traded at $10.16, with a volume of 44,110 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on TSQ. StockNews.com upgraded shares of Townsquare Media from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Barrington Research restated an "outperform" rating and issued a $17.00 price objective on shares of Townsquare Media in a research report on Thursday, November 7th.

Townsquare Media Stock Up 1.1 %

The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38. The firm's fifty day simple moving average is $10.10 and its 200 day simple moving average is $10.46. The stock has a market capitalization of $158.14 million, a price-to-earnings ratio of -3.75, a P/E/G ratio of 0.78 and a beta of 1.32.

Townsquare Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media's payout ratio is presently -29.15%.

Insiders Place Their Bets

In related news, major shareholder Msd Capital L. P sold 5,139 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.03, for a total transaction of $51,544.17. Following the completion of the transaction, the insider now owns 1,452,549 shares in the company, valued at approximately $14,569,066.47. This represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen A. Kaplan bought 50,000 shares of the firm'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 transaction, the director now owns 137,808 shares of the company's stock, valued at $1,434,581.28. This represents a 56.94 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 79,866 shares of company stock worth $809,750. Corporate insiders own 30.50% of the company's stock.

Hedge Funds Weigh In On Townsquare Media

A number of large investors have recently modified their holdings of TSQ. Vanguard Group Inc. increased its position in shares of Townsquare Media by 2.0% in the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company's stock valued at $6,627,000 after acquiring an additional 12,073 shares during the last quarter. Renaissance Technologies LLC grew its stake in Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company's stock valued at $5,287,000 after purchasing an additional 17,900 shares in the last quarter. Access Investment Management LLC increased its position in shares of Townsquare Media by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company's stock worth $4,340,000 after purchasing an additional 2,140 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company's stock worth $2,835,000 after purchasing an additional 1,151 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company's stock worth $1,800,000 after purchasing an additional 6,800 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.