Shares of Townsquare Media (NYSE:TSQ) have received an average rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.50.
TSQ has been the topic of several recent research reports. Noble Financial restated a “buy” rating on shares of Townsquare Media in a research report on Friday, March 23rd. TheStreet cut Townsquare Media from a “c” rating to a “d+” rating in a research report on Thursday, April 5th. Stephens set a $9.00 price target on Townsquare Media and gave the company a “hold” rating in a research report on Tuesday, March 13th. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in Townsquare Media during the 3rd quarter worth approximately $187,000. Schwab Charles Investment Management Inc. increased its position in Townsquare Media by 119.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 22,162 shares of the company’s stock worth $222,000 after purchasing an additional 12,062 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Townsquare Media during the 4th quarter worth approximately $172,000. Millennium Management LLC increased its position in Townsquare Media by 150.9% during the 4th quarter. Millennium Management LLC now owns 31,858 shares of the company’s stock worth $245,000 after purchasing an additional 19,158 shares during the period. Finally, Two Sigma Advisers LP increased its position in Townsquare Media by 32.3% during the 4th quarter. Two Sigma Advisers LP now owns 47,900 shares of the company’s stock worth $368,000 after purchasing an additional 11,700 shares during the period. Institutional investors own 49.34% of the company’s stock.
TSQ opened at $7.95 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.89 and a current ratio of 1.89. Townsquare Media has a one year low of $6.28 and a one year high of $12.22. The stock has a market cap of $148.19, a PE ratio of 11.46, a PEG ratio of 2.05 and a beta of 1.24.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $118.61 million. Townsquare Media had a positive return on equity of 5.44% and a negative net margin of 2.13%. equities research analysts anticipate that Townsquare Media will post 0.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 2nd will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, March 29th. Townsquare Media’s payout ratio is 40.54%.
About Townsquare Media
Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
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