Townsquare Media (NYSE:TSQ) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Townsquare Media, Inc. (NYSE:TSQ)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.40 and traded as high as $10.79. Townsquare Media shares last traded at $10.29, with a volume of 30,105 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on TSQ shares. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research note on Monday, August 12th. StockNews.com cut Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Townsquare Media Stock Down 1.4 %

The firm’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $11.08. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $158.36 million, a P/E ratio of -4.05, a PEG ratio of 0.89 and a beta of 1.35.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). The firm had revenue of $118.23 million for the quarter, compared to analyst estimates of $117.99 million. Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. On average, research analysts forecast that Townsquare Media, Inc. will post 0.97 earnings per share for the current fiscal year.

Townsquare Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1975 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.68%. Townsquare Media’s payout ratio is -31.10%.

Insider Buying and Selling at Townsquare Media

In related news, Director Stephen A. Kaplan acquired 50,000 shares of the stock in a transaction dated Friday, September 20th. The stock was bought at an average price of $10.41 per share, with a total value of $520,500.00. Following the completion of the transaction, the director now directly owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Erik Hellum sold 18,166 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the completion of the transaction, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen A. Kaplan bought 50,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average price of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the acquisition, the director now owns 137,808 shares of the company’s stock, valued at $1,434,581.28. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 28,585 shares of company stock valued at $289,812. 30.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Townsquare Media

Several institutional investors have recently added to or reduced their stakes in TSQ. Meeder Asset Management Inc. bought a new position in shares of Townsquare Media during the second quarter worth approximately $57,000. Virtu Financial LLC bought a new position in Townsquare Media during the 1st quarter worth $124,000. Rhumbline Advisers raised its holdings in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares in the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of Townsquare Media during the 2nd quarter valued at $232,000. Finally, Ritholtz Wealth Management grew its holdings in shares of Townsquare Media by 19.8% during the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after purchasing an additional 5,600 shares in the last quarter. 71.69% of the stock is currently owned by 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.