Townsquare Media (NYSE:TSQ) Earns Outperform Rating from Noble Financial

Noble Financial reaffirmed their outperform rating on shares of Townsquare Media (NYSE:TSQ - Free Report) in a research report released on Friday morning. They currently have a $21.00 target price on the stock.

Several other equities analysts have also issued reports on TSQ. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com upgraded shares of Townsquare Media from a "hold" rating to a "buy" rating in a report on Monday, November 11th.

Townsquare Media Trading Up 0.1 %

Shares of NYSE:TSQ traded up $0.01 during trading on Friday, hitting $9.15. 56,245 shares of the company's stock were exchanged, compared to its average volume of 72,176. The firm has a market cap of $142.26 million, a P/E ratio of -3.38, a PEG ratio of 0.58 and a beta of 1.31. The firm has a 50-day moving average price of $9.67 and a two-hundred day moving average price of $10.21. Townsquare Media has a 1-year low of $8.70 and a 1-year high of $13.57.

Townsquare Media (NYSE:TSQ - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $115.31 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.46 EPS. As a group, research analysts predict that Townsquare Media will post 1.07 EPS for the current year.

Townsquare Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media's dividend payout ratio (DPR) is currently -29.15%.

Insider Transactions at Townsquare Media

In related news, EVP Scott Schatz sold 4,594 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total transaction of $44,332.10. Following the transaction, the executive vice president now directly owns 31,366 shares in the company, valued at approximately $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Msd Capital L. P sold 3,311 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $10.32, for a total transaction of $34,169.52. Following the completion of the sale, the insider now owns 1,515,516 shares of the company's stock, valued at approximately $15,640,125.12. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,525 shares of company stock valued at $713,275 in the last ninety days. 30.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Townsquare Media

Several institutional investors and hedge funds have recently bought and sold shares of the business. Krilogy Financial LLC grew its holdings in Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company's stock valued at $364,000 after buying an additional 10,000 shares in the last quarter. Barclays PLC grew its stake in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company's stock valued at $383,000 after acquiring an additional 14,109 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Townsquare Media by 0.4% in the third 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. State Street Corp increased its position in Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company's stock worth $1,800,000 after acquiring an additional 6,800 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in 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. 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.