Townsquare Media (TSQ) Expected to Announce Quarterly Earnings on Monday

Townsquare Media (NYSE:TSQ - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $116.41 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Townsquare Media Trading Up 0.2 %

NYSE TSQ traded up $0.02 on Wednesday, hitting $7.71. 7,933 shares of the stock traded hands, compared to its average volume of 57,313. The company has a market capitalization of $119.79 million, a P/E ratio of -2.84, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. The stock has a 50-day moving average of $8.91 and a 200 day moving average of $9.65. Townsquare Media has a twelve month low of $7.63 and a twelve month high of $13.57.

Insider Transactions at Townsquare Media

In other Townsquare Media news, EVP Claire Marie Yenicay sold 5,000 shares of the business's stock in a transaction dated Monday, December 30th. The shares were 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 in the company, valued at approximately $1,981,866.66. The trade was a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Schatz sold 4,594 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $9.65, for a total transaction of $44,332.10. Following the completion of the transaction, the executive vice president now owns 31,366 shares of the company's stock, valued at approximately $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,244 shares of company stock valued at $193,337. 30.50% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

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

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.