Bill Wilson Sells 126,744 Shares of Townsquare Media (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ) CEO Bill Wilson sold 126,744 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $5.61, for a total transaction of $711,033.84. Following the completion of the sale, the chief executive officer owned 3,000,481 shares in the company, valued at $16,832,698.41. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Bill Wilson also recently made the following trade(s):

• On Wednesday, August 12th, Bill Wilson sold 21,420 shares of Townsquare Media stock. The stock was sold at an average price of $5.54, for a total transaction of $118,666.80.

Townsquare Media Stock Up 0.2%

NYSE TSQ opened at $5.67 on Friday. Townsquare Media, Inc. has a 52 week low of $4.30 and a 52 week high of $7.97. The company has a 50 day moving average price of $6.47 and a 200 day moving average price of $6.48. The firm has a market cap of $96.97 million, a PE ratio of -1.97, a price-to-earnings-growth ratio of 23.58 and a beta of 1.22.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $114.00 million during the quarter, compared to the consensus estimate of $114.74 million. Townsquare Media had a negative net margin of 11.82% and a negative return on equity of 5.59%. On average, equities research analysts anticipate that Townsquare Media, Inc. will post 0.02 earnings per share for the current fiscal year.

Townsquare Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 26th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 14.1%. The ex-dividend date is Monday, October 26th. Townsquare Media’s payout ratio is -27.78%.

Institutional Trading of Townsquare Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Townsquare Media in the second quarter valued at about $33,000. Algert Global LLC acquired a new stake in shares of Townsquare Media during the third quarter worth about $72,000. XTX Topco Ltd acquired a new stake in shares of Townsquare Media during the fourth quarter worth about $83,000. Occudo Quantitative Strategies LP purchased a new stake in Townsquare Media in the second quarter valued at approximately $101,000. Finally, Cetera Investment Advisers purchased a new stake in Townsquare Media in the first quarter valued at approximately $129,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analysts Set New Price Targets

TSQ has been the subject of several recent analyst reports. Zacks Research lowered Townsquare Media from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Townsquare Media in a research report on Monday, May 11th. Weiss Ratings cut shares of Townsquare Media from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $10.00.

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.