Townsquare Media (NYSE:TSQ) Receives Outperform Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a report issued on Tuesday,Benzinga reports. They currently have a $15.00 price objective on the stock.

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

Townsquare Media Trading Down 1.4 %

Shares of NYSE:TSQ opened at $8.03 on Tuesday. The stock has a market capitalization of $124.76 million, a P/E ratio of -2.96, a P/E/G ratio of 0.58 and a beta of 1.33. Townsquare Media has a 1-year low of $7.56 and a 1-year high of $13.57. The business has a 50-day moving average price of $8.75 and a two-hundred day moving average price of $9.55.

Townsquare Media (NYSE:TSQ) last posted its earnings results on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The company had revenue of $117.81 million during the quarter, compared to analyst estimates of $116.41 million. During the same period in the previous year, the company earned $0.34 EPS. As a group, equities analysts predict that Townsquare Media will post 1.07 EPS for the current year.

Townsquare Media Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.20 per share. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.97%. Townsquare Media’s dividend payout ratio is -29.15%.

Insider Buying and Selling

In related news, EVP Scott Schatz sold 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $9.64, for a total value of $48,200.00. Following the transaction, the executive vice president now directly owns 38,068 shares of the company’s stock, valued at approximately $366,975.52. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 19,594 shares of company stock worth $186,882 in the last 90 days. Insiders own 30.50% of the company’s stock.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors have recently bought and sold shares of TSQ. BNP Paribas Financial Markets increased its holdings in shares of Townsquare Media by 28.9% in the third 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 during the last quarter. State Street Corp increased its position in shares of 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 purchasing an additional 6,800 shares in the last quarter. Barclays PLC increased its position in shares of Townsquare Media by 59.8% during the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Townsquare Media by 0.4% in 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 during the period. Finally, Krilogy Financial LLC increased its position in shares of 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 acquiring an additional 10,000 shares during the period. 71.69% of the stock is owned by institutional investors.

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.