Townsquare Media, Inc. (NYSE:TSQ) had its price objective decreased by Royal Bank Of Canada from $12.00 to $10.00 in a research note published on Monday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
TSQ has been the topic of several other research reports. Noble Financial restated a buy rating on shares of Townsquare Media in a research report on Friday. Bank of America Corporation lowered shares of Townsquare Media from a buy rating to an underperform rating in a research report on Friday, September 29th. Jefferies Group LLC restated a buy rating and issued a $13.00 price target on shares of Townsquare Media in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Townsquare Media from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Wednesday, July 19th. Finally, Stephens lowered shares of Townsquare Media from an overweight rating to an equal weight rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $11.67.
Townsquare Media (NYSE TSQ) traded down $0.21 during midday trading on Monday, hitting $7.55. 167,600 shares of the company were exchanged, compared to its average volume of 57,352. Townsquare Media has a fifty-two week low of $7.44 and a fifty-two week high of $13.01. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $143.38, a price-to-earnings ratio of 10.35, a PEG ratio of 2.25 and a beta of 1.74.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). The business had revenue of $164.11 million during the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. analysts forecast that Townsquare Media will post 0.86 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Townsquare Media by 74.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock worth $1,612,000 after purchasing an additional 56,509 shares during the period. JPMorgan Chase & Co. boosted its stake in Townsquare Media by 122.2% in the 1st quarter. JPMorgan Chase & Co. now owns 58,230 shares of the company’s stock worth $709,000 after purchasing an additional 32,026 shares during the period. Gamco Investors INC. ET AL boosted its stake in Townsquare Media by 28.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 65,027 shares of the company’s stock worth $666,000 after purchasing an additional 14,400 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Townsquare Media by 43.2% during the 1st quarter. Bank of New York Mellon Corp now owns 86,798 shares of the company’s stock valued at $1,057,000 after buying an additional 26,179 shares during the period. Finally, Numeric Investors LLC boosted its stake in shares of Townsquare Media by 67.8% during the 2nd quarter. Numeric Investors LLC now owns 121,739 shares of the company’s stock valued at $1,247,000 after buying an additional 49,200 shares during the period. 48.42% of the stock is owned by hedge funds and other institutional investors.
Townsquare Media Company Profile
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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