Recent Investment Analysts’ Ratings Changes for Townsquare Media (TSQ)

A number of research firms have changed their ratings and price targets for Townsquare Media (NYSE: TSQ):

  • 11/24/2022 – Townsquare Media was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 11/18/2022 – Townsquare Media was downgraded by analysts at TheStreet from a “c” rating to a “d” rating.
  • 11/16/2022 – Townsquare Media was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 11/15/2022 – Townsquare Media had its price target lowered by analysts at Guggenheim to $14.00.
  • 10/12/2022 – Townsquare Media is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Townsquare Media Stock Performance

NYSE:TSQ traded up $0.14 during mid-day trading on Thursday, reaching $7.80. 18,287 shares of the stock were exchanged, compared to its average volume of 29,839. The company has a 50 day simple moving average of $7.70 and a 200-day simple moving average of $8.55. The stock has a market capitalization of $134.47 million, a P/E ratio of 14.18, a P/E/G ratio of 0.63 and a beta of 1.55. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 8.31. Townsquare Media, Inc. has a 1 year low of $7.14 and a 1 year high of $13.70.

Institutional Trading of Townsquare Media

Hedge funds have recently added to or reduced their stakes in the stock. Eidelman Virant Capital lifted its position in Townsquare Media by 46.7% during the 2nd quarter. Eidelman Virant Capital now owns 88,000 shares of the company’s stock worth $710,000 after acquiring an additional 28,000 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Townsquare Media by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 251,706 shares of the company’s stock valued at $3,217,000 after buying an additional 2,203 shares during the period. American Century Companies Inc. lifted its holdings in shares of Townsquare Media by 8.0% in the 1st quarter. American Century Companies Inc. now owns 951,531 shares of the company’s stock valued at $12,170,000 after buying an additional 70,784 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Townsquare Media in the 1st quarter valued at approximately $171,000. Finally, Group One Trading L.P. acquired a new stake in shares of Townsquare Media in the 1st quarter valued at approximately $40,000. 50.28% of the stock is owned by institutional investors and hedge funds.

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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.

See Also

Receive News & Ratings for Townsquare Media Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc and related companies with MarketBeat.com's FREE daily email newsletter.