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

StockNews.com upgraded shares of Townsquare Media (NYSE:TSQ - Free Report) from a hold rating to a buy rating in a report published on Thursday morning.

A number of other research firms also recently weighed in on TSQ. Barrington Research reissued an "outperform" rating and set a $15.00 target price on shares of Townsquare Media in a report on Tuesday, March 18th. 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 Stock Down 2.6 %

Shares of TSQ traded down $0.21 during trading hours on Thursday, hitting $8.10. The company had a trading volume of 55,874 shares, compared to its average volume of 58,060. The firm has a market cap of $130.50 million, a price-to-earnings ratio of -2.99, a PEG ratio of 0.58 and a beta of 1.33. The business has a fifty day moving average of $8.58 and a 200-day moving average of $9.45. Townsquare Media has a 12 month low of $7.56 and a 12 month high of $13.57.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The company had revenue of $117.81 million during the quarter, compared to analysts' expectations of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, equities analysts expect that Townsquare Media will post 1.07 EPS for the current fiscal year.

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Townsquare Media Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.20 per share. This is a positive change from Townsquare Media's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 9.88%. The ex-dividend date is Thursday, April 17th. Townsquare Media's dividend payout ratio is -69.57%.

Insider Buying and Selling

In other Townsquare Media news, EVP Claire Marie Yenicay sold 5,000 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.22, for a total transaction of $46,100.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 30.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TSQ. Barclays PLC lifted its stake in Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company's stock valued at $383,000 after purchasing an additional 14,109 shares during the last quarter. State Street Corp lifted its stake in shares of Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company's stock valued at $1,800,000 after acquiring an additional 6,800 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $2,835,000 after acquiring an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets grew its position in 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 acquiring an additional 1,503 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Townsquare Media by 5.2% in the 4th quarter. Empowered Funds LLC now owns 56,634 shares of the company's stock worth $515,000 after purchasing an additional 2,804 shares in the last quarter. Institutional investors own 71.69% of the company's stock.

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.