Townsquare Media’s (TSQ) Outperform Rating Reiterated at Noble Financial

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating reiterated by investment analysts at Noble Financial in a research report issued on Friday. They presently have a $21.00 price target on the stock. Noble Financial’s price target would indicate a potential upside of 129.13% from the company’s current price.

TSQ has been the topic of a number of other research reports. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a report on Thursday, November 7th.

Townsquare Media Stock Performance

Shares of NYSE TSQ traded up $0.03 during trading on Friday, hitting $9.17. 17,899 shares of the company were exchanged, compared to its average volume of 79,837. Townsquare Media has a 12-month low of $8.70 and a 12-month high of $13.57. The company has a fifty day moving average price of $9.70 and a 200-day moving average price of $10.23. The firm has a market capitalization of $142.52 million, a PE ratio of -3.38, a P/E/G ratio of 0.58 and a beta of 1.31.

Townsquare Media (NYSE:TSQ) last posted its earnings results on Thursday, November 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $115.31 million for the quarter, compared to analyst estimates of $115.48 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same period in the previous year, the business posted $0.46 EPS. Research analysts anticipate that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Scott Schatz sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $9.64, for a total transaction of $48,200.00. Following the completion of the sale, the executive vice president now directly owns 38,068 shares of the company’s stock, valued at $366,975.52. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Msd Capital L. P sold 3,311 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $10.32, for a total value of $34,169.52. Following the transaction, the insider now owns 1,515,516 shares in the company, valued at $15,640,125.12. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 71,525 shares of company stock worth $713,275. 30.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSQ. Renaissance Technologies LLC lifted its position in Townsquare Media by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after acquiring an additional 17,900 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after purchasing an additional 1,151 shares during the period. State Street Corp grew its position in shares of Townsquare Media by 4.0% in the third quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares during the last quarter. Krilogy Financial LLC lifted its holdings in shares of Townsquare Media by 33.3% during the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock worth $364,000 after buying an additional 10,000 shares in the last quarter. Finally, Barclays PLC grew its position in Townsquare Media by 59.8% during the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after buying an additional 14,109 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

About Townsquare Media

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.