Townsquare Media (TSQ) Projected to Post Quarterly Earnings on Monday

Townsquare Media (NYSE:TSQGet Free Report) is projected to post its quarterly earnings results 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Townsquare Media Stock Performance

TSQ opened at $7.76 on Friday. The stock has a market cap of $120.57 million, a price-to-earnings ratio of -2.86, a P/E/G ratio of 0.58 and a beta of 1.33. The stock’s 50 day moving average price is $8.80 and its 200-day moving average price is $9.59. Townsquare Media has a one year low of $7.56 and a one year high of $13.57.

Analysts Set New Price Targets

Separately, Noble Financial reaffirmed an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a research note on Friday, January 24th.

Read Our Latest Analysis on TSQ

Insider Activity at Townsquare Media

In related news, EVP Scott Schatz sold 4,594 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 31,366 shares in the company, valued at approximately $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Marie Yenicay sold 5,000 shares of the business’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 value of $48,250.00. Following the completion of the sale, the executive vice president now owns 207,393 shares of the company’s stock, 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. Over the last quarter, insiders sold 20,244 shares of company stock worth $193,337. Company insiders own 30.50% of the company’s stock.

Townsquare Media Company Profile

(Get Free Report)

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.

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Earnings History for Townsquare Media (NYSE:TSQ)

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