Shares of Townsquare Media Inc (NYSE:TSQ) have received an average recommendation of “Hold” from the four research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.00.
A number of research firms recently commented on TSQ. Noble Financial reiterated a “buy” rating and set a $12.00 price objective on shares of Townsquare Media in a research report on Thursday. ValuEngine upgraded Townsquare Media from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 7th.
Townsquare Media stock traded up $0.35 during mid-day trading on Friday, reaching $5.77. 49,575 shares of the stock traded hands, compared to its average volume of 38,454. The stock has a market cap of $103.43 million, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.42 and a beta of 2.11. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.27 and a current ratio of 2.27. Townsquare Media has a 12-month low of $3.95 and a 12-month high of $9.79.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $108.96 million during the quarter, compared to analysts’ expectations of $104.88 million. Townsquare Media had a positive return on equity of 7.10% and a negative net margin of 7.32%. As a group, sell-side analysts predict that Townsquare Media will post 1.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.20%. The ex-dividend date is Monday, April 1st. Townsquare Media’s dividend payout ratio is presently 29.13%.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Townsquare Media by 3.7% in the fourth quarter. BlackRock Inc. now owns 63,528 shares of the company’s stock worth $260,000 after acquiring an additional 2,259 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Townsquare Media by 25.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,098 shares of the company’s stock worth $82,000 after acquiring an additional 4,100 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Townsquare Media by 138.2% in the third quarter. Wells Fargo & Company MN now owns 21,201 shares of the company’s stock worth $166,000 after acquiring an additional 12,301 shares during the period. Virtu Financial LLC bought a new position in shares of Townsquare Media in the third quarter worth about $101,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Townsquare Media in the fourth quarter worth about $54,000. 41.63% of the stock is owned by institutional investors and hedge funds.
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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