Townsquare Media (NYSE:TSQ) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Townsquare Media, Inc. (NYSE:TSQ) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.28 and traded as high as $6.70. Townsquare Media shares last traded at $6.3910, with a volume of 396,448 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSQ shares. Weiss Ratings reissued a “sell (d)” rating on shares of Townsquare Media in a research report on Monday, December 29th. Barrington Research cut their price target on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen downgraded Townsquare Media from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Townsquare Media has an average rating of “Hold” and a consensus price target of $16.50.

Townsquare Media Stock Performance

The firm has a market cap of $105.20 million, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. The business’s 50 day moving average price is $5.28 and its 200-day moving average price is $6.21.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $106.76 million during the quarter, compared to the consensus estimate of $107.96 million. Townsquare Media had a negative return on equity of 47.95% and a net margin of 4.27%. On average, analysts forecast that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 26th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Monday, January 26th. Townsquare Media’s payout ratio is 77.67%.

Insider Activity

In related news, COO Erik Hellum sold 6,522 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $5.57, for a total transaction of $36,327.54. Following the transaction, the chief operating officer directly owned 969,648 shares in the company, valued at $5,400,939.36. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 19,652 shares of company stock worth $106,335. Corporate insiders own 29.20% of the company’s stock.

Institutional Trading of Townsquare Media

Several institutional investors have recently added to or reduced their stakes in TSQ. Raymond James Financial Inc. bought a new position in shares of Townsquare Media in the 2nd quarter worth about $33,000. Crews Bank & Trust bought a new position in Townsquare Media in the fourth quarter worth about $26,000. AlphaCore Capital LLC acquired a new position in Townsquare Media in the third quarter valued at approximately $69,000. Algert Global LLC bought a new position in shares of Townsquare Media during the third quarter valued at approximately $72,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Townsquare Media during the 2nd quarter worth approximately $101,000. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.