Townsquare Media (NYSE:TSQ) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Townsquare Media (NYSE:TSQ) from a strong-buy rating to a hold rating in a research note released on Friday morning.

A number of other analysts have also recently commented on TSQ. Noble Financial reaffirmed a “buy” rating and set a $21.00 price target on shares of Townsquare Media in a research report on Friday, May 9th. Barrington Research reduced their price target on shares of Townsquare Media from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 9th.

Townsquare Media Price Performance

Shares of TSQ stock opened at $7.07 on Friday. The stock’s fifty day moving average price is $7.33 and its 200 day moving average price is $8.66. Townsquare Media has a 1-year low of $6.47 and a 1-year high of $12.32. The company has a market cap of $113.96 million, a price-to-earnings ratio of -2.61, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08.

Townsquare Media (NYSE:TSQ) last released its earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The company had revenue of $98.68 million during the quarter, compared to analysts’ expectations of $98.50 million. As a group, equities research analysts anticipate that Townsquare Media will post 1.07 earnings per share for the current year.

Townsquare Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 11.32%. Townsquare Media’s dividend payout ratio (DPR) is presently -60.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSQ. Wells Fargo & Company MN lifted its stake in shares of Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after buying an additional 2,259 shares in the last quarter. Copeland Capital Management LLC lifted its stake in Townsquare Media by 73.4% in the 1st quarter. Copeland Capital Management LLC now owns 6,753 shares of the company’s stock worth $55,000 after purchasing an additional 2,859 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Townsquare Media during the 4th quarter worth approximately $69,000. Russell Investments Group Ltd. grew its position in shares of Townsquare Media by 1,086.0% in the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock valued at $76,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Townsquare Media in the first quarter valued at approximately $86,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.