Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $24,278.24 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 2,968 shares of Townsquare Media stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.18, for a total value of $24,278.24. Following the completion of the transaction, the executive vice president now owns 234,933 shares of the company’s stock, valued at approximately $1,921,751.94. This represents a 1.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Claire Marie Yenicay also recently made the following trade(s):

• On Monday, December 30th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The stock was sold at an average price of $9.22, for a total value of $46,100.00.

Townsquare Media Price Performance

NYSE TSQ traded down $0.05 during mid-day trading on Thursday, hitting $8.32. The stock had a trading volume of 49,375 shares, compared to its average volume of 56,739. Townsquare Media, Inc. has a twelve month low of $7.56 and a twelve month high of $13.57. The firm’s 50 day moving average is $8.62 and its 200 day moving average is $9.47. The stock has a market capitalization of $134.03 million, a price-to-earnings ratio of -3.07, a PEG ratio of 0.58 and a beta of 1.33.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.41 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 $0.34 earnings per share. As a group, equities research analysts expect that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Townsquare Media Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be issued a $0.20 dividend. This is a boost from Townsquare Media’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend is Thursday, April 17th. Townsquare Media’s dividend payout ratio is presently -69.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $15.00 price target on shares of Townsquare Media in a report on Tuesday, March 18th. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Noble Financial reiterated an “outperform” rating and issued a $21.00 price objective on shares of Townsquare Media in a report on Friday, January 24th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings 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 valued at $57,000 after purchasing an additional 2,259 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Townsquare Media during the 4th quarter worth approximately $69,000. Russell Investments Group Ltd. raised its position in shares of Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock valued at $76,000 after buying an additional 7,700 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its holdings in Townsquare Media by 47.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock valued at $247,000 after acquiring an additional 8,700 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.