Townsquare Media (NYSE:TSQ) Downgraded by StockNews.com to Hold

Townsquare Media (NYSE:TSQ) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other brokerages have also recently issued reports on TSQ. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of Townsquare Media in a research note on Tuesday. Noble Financial restated an “outperform” rating and issued a $21.00 target price on shares of Townsquare Media in a report on Friday, January 24th.

Townsquare Media Trading Down 2.1 %

TSQ opened at $7.85 on Wednesday. The firm’s fifty day simple moving average is $8.69 and its 200 day simple moving average is $9.53. Townsquare Media has a 12 month low of $7.56 and a 12 month high of $13.57. The stock has a market capitalization of $122.04 million, a P/E ratio of -2.90, a P/E/G ratio of 0.58 and a beta of 1.33.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The company had revenue of $117.81 million for the quarter, compared to analysts’ expectations of $116.41 million. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities research analysts predict that Townsquare Media will post 1.07 EPS for the current fiscal year.

Insider Activity at Townsquare Media

In other news, EVP Scott Schatz sold 4,594 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total value of $44,332.10. Following the transaction, the executive vice president now owns 31,366 shares of the company’s stock, valued at $302,681.90. This represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claire Marie Yenicay sold 5,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.22, for a total transaction of $46,100.00. Following the transaction, the executive vice president now directly owns 214,953 shares in the company, valued at approximately $1,981,866.66. This represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,594 shares of company stock worth $138,632. 30.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Townsquare Media

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the period. State Street Corp increased its stake in Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares in the last quarter. Geode Capital Management LLC increased its stake in Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after purchasing an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Townsquare Media by 5.2% in the fourth quarter. Empowered Funds LLC now owns 56,634 shares of the company’s stock worth $515,000 after acquiring an additional 2,804 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.