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

A number of firms have modified their ratings and price targets on shares of Townsquare Media (NYSE: TSQ) recently:

• 4/6/2024 – Townsquare Media was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/2/2024 – Townsquare Media had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $17.00 price target on the stock.
• 4/1/2024 – Townsquare Media had its price target raised by analysts at Noble Financial from $20.00 to $21.00. They now have an “outperform” rating on the stock.
• 3/29/2024 – Townsquare Media was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/20/2024 – Townsquare Media had its price target raised by analysts at Guggenheim from $12.00 to $12.50. They now have a “buy” rating on the stock.
• 3/15/2024 – Townsquare Media had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $17.00 price target on the stock.

Townsquare Media Stock Down 3.1 %

Townsquare Media stock opened at $12.02 on Friday. The business has a fifty day moving average price of $11.16 and a 200-day moving average price of $10.30. Townsquare Media, Inc. has a 1-year low of $8.00 and a 1-year high of $13.57. The stock has a market capitalization of $199.89 million, a price-to-earnings ratio of -4.39, a PEG ratio of 0.66 and a beta of 1.37. The company has a debt-to-equity ratio of 50.41, a current ratio of 1.74 and a quick ratio of 1.74.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Friday, March 15th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $114.79 million for the quarter, compared to analyst estimates of $111.78 million. Townsquare Media had a positive return on equity of 55.40% and a negative net margin of 9.90%. Equities research analysts forecast that Townsquare Media, Inc. will post 1.54 EPS for the current fiscal year.

Townsquare Media Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be issued a $0.198 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.59%. This is a boost from Townsquare Media’s previous quarterly dividend of $0.19. Townsquare Media’s dividend payout ratio (DPR) is currently -28.83%.

Insider Activity

In other Townsquare Media news, COO Erik Hellum sold 3,380 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $11.03, for a total transaction of $37,281.40. Following the sale, the chief operating officer now owns 736,736 shares in the company, valued at approximately $8,126,198.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Steven Price sold 1,565,681 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total value of $19,351,817.16. Following the sale, the chairman now owns 897,115 shares in the company, valued at $11,088,341.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Erik Hellum sold 3,380 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.03, for a total transaction of $37,281.40. Following the transaction, the chief operating officer now directly owns 736,736 shares of the company’s stock, valued at approximately $8,126,198.08. The disclosure for this sale can be found here. Insiders have sold 2,886,934 shares of company stock valued at $35,653,276 over the last ninety days. 30.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSQ. Vanguard Group Inc. boosted its position in Townsquare Media by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 591,495 shares of the company’s stock worth $6,246,000 after purchasing an additional 7,252 shares in the last quarter. Barclays PLC lifted its stake in shares of Townsquare Media by 109.5% in the 4th quarter. Barclays PLC now owns 26,676 shares of the company’s stock valued at $282,000 after purchasing an additional 13,944 shares during the period. Nuveen Asset Management LLC boosted its holdings in Townsquare Media by 12.3% during the fourth quarter. Nuveen Asset Management LLC now owns 16,995 shares of the company’s stock worth $180,000 after buying an additional 1,863 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Townsquare Media by 0.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 362,847 shares of the company’s stock valued at $3,832,000 after buying an additional 3,000 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in Townsquare Media by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 243,700 shares of the company’s stock valued at $2,573,000 after buying an additional 5,288 shares in the last quarter. 71.69% 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 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.