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

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating reiterated by equities researchers at Noble Financial in a note issued to investors on Friday. They currently have a $21.00 price objective on the stock. Noble Financial’s price objective points to a potential upside of 129.51% from the company’s previous close.

TSQ has been the topic of several other reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Townsquare Media Price Performance

NYSE:TSQ opened at $9.15 on Friday. The firm’s 50-day moving average price is $9.67 and its 200-day moving average price is $10.21. The company has a market capitalization of $142.26 million, a PE ratio of -3.38, a P/E/G ratio of 0.58 and a beta of 1.31. Townsquare Media has a 1-year low of $8.70 and a 1-year high of $13.57.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The company had revenue of $115.31 million for the quarter, compared to the consensus estimate of $115.48 million. During the same quarter in the prior year, the business posted $0.46 EPS. Equities analysts anticipate that Townsquare Media will post 1.07 EPS for the current fiscal year.

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 on 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 owns 214,953 shares in the company, valued at $1,981,866.66. The trade was a 2.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Msd Capital L. P sold 6,257 shares of Townsquare Media stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.01, for a total value of $62,632.57. Following the completion of the sale, the insider now directly owns 1,506,641 shares in the company, valued at $15,081,476.41. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,525 shares of company stock worth $713,275. 30.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors and hedge funds have recently made changes to their positions in TSQ. Barclays PLC boosted its holdings in shares of Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the period. State Street Corp boosted its stake 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 buying an additional 6,800 shares during the period. BNP Paribas Financial Markets increased its position in Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after acquiring an additional 1,503 shares during the last quarter. Geode Capital Management LLC increased its position in Townsquare Media by 0.4% during 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 during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.