Townsquare Media (TSQ) Projected to Post Earnings on Monday

Townsquare Media (NYSE:TSQ) is expected to be releasing its earnings data before the market opens on Monday, March 17th. Analysts expect Townsquare Media to post earnings of $0.53 per share and revenue of $116.41 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Townsquare Media Price Performance

Shares of NYSE:TSQ opened at $7.96 on Monday. The business’s 50 day simple moving average is $8.97 and its 200-day simple moving average is $9.69. The firm has a market capitalization of $123.82 million, a price-to-earnings ratio of -2.94, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. Townsquare Media has a 12 month low of $7.85 and a 12 month high of $13.57.

Insiders Place Their Bets

In other Townsquare Media news, EVP Claire Marie Yenicay sold 5,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $9.65, for a total transaction of $48,250.00. Following the transaction, the executive vice president now owns 207,393 shares of the company’s stock, valued at $2,001,342.45. This represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Scott Schatz sold 4,594 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $9.65, for a total value of $44,332.10. Following the sale, 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. Insiders have sold a total of 20,244 shares of company stock valued at $193,337 in the last quarter. 30.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TSQ shares. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Noble Financial reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Townsquare Media in a research note on Friday, January 24th.

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.