Townsquare Media’s (TSQ) Outperform Rating Reiterated at Noble Financial

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating reiterated by equities research analysts at Noble Financial in a report released on Friday. They presently have a $21.00 price target on the stock. Noble Financial’s target price would suggest a potential upside of 129.13% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Barrington Research restated an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Townsquare Media Trading Up 0.3 %

Townsquare Media stock traded up $0.03 during trading on Friday, hitting $9.17. 17,899 shares of the company were exchanged, compared to its average volume of 79,837. The business’s 50 day moving average is $9.70 and its 200 day moving average is $10.23. Townsquare Media has a 52 week low of $8.70 and a 52 week high of $13.57. The company has a market capitalization of $142.52 million, a P/E ratio of -3.38, a PEG ratio of 0.58 and a beta of 1.31.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $115.31 million for the quarter, compared to the consensus estimate of $115.48 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts expect that Townsquare Media will post 1.07 EPS for the current year.

Insider Activity

In related news, major shareholder Msd Capital L. P sold 3,311 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $10.32, for a total value of $34,169.52. Following the completion of the transaction, the insider now directly owns 1,515,516 shares of the company’s stock, valued at $15,640,125.12. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were 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 in the company, valued at $2,001,342.45. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,525 shares of company stock worth $713,275. 30.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Townsquare Media by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after buying an additional 17,900 shares during the period. Geode Capital Management LLC raised its holdings in Townsquare Media by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares during the period. State Street Corp increased its holdings in Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares in the last quarter. Krilogy Financial LLC lifted its stake in Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after buying an additional 10,000 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after purchasing an additional 14,109 shares in the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

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.