Barrington Research Reiterates Outperform Rating for Townsquare Media (NYSE:TSQ)

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a research report issued on Monday, Benzinga reports. They currently have a $17.00 target price on the stock. Barrington Research’s price objective would suggest a potential upside of 59.18% from the company’s previous close.

Separately, StockNews.com lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday.

Townsquare Media Trading Up 0.6 %

Shares of NYSE TSQ traded up $0.06 during trading on Monday, reaching $10.68. The company had a trading volume of 26,713 shares, compared to its average volume of 55,143. The stock has a market cap of $161.49 million, a P/E ratio of -4.20, a PEG ratio of 0.67 and a beta of 1.34. The company’s fifty day moving average price is $10.99 and its 200-day moving average price is $11.23. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 271.80. Townsquare Media has a 12 month low of $8.00 and a 12 month high of $13.57.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, May 9th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $99.63 million during the quarter, compared to the consensus estimate of $98.46 million. Townsquare Media had a negative net margin of 9.19% and a positive return on equity of 98.45%. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, research analysts expect that Townsquare Media will post 1.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Robert L. Worshek sold 15,980 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $11.06, for a total transaction of $176,738.80. Following the completion of the sale, the chief accounting officer now owns 58,097 shares of the company’s stock, valued at approximately $642,552.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 30.50% of the company’s stock.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Townsquare Media during the 2nd quarter worth approximately $57,000. Mackenzie Financial Corp acquired a new position in shares of Townsquare Media during the fourth quarter worth approximately $107,000. Virtu Financial LLC acquired a new position in shares of Townsquare Media during the first quarter worth approximately $124,000. Rhumbline Advisers lifted its holdings in shares of Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in Townsquare Media in the 2nd quarter valued at $232,000. 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.