Townsquare Media, Inc. (NYSE:TSQ)‘s stock had its “buy” rating reiterated by analysts at Noble Financial in a research report issued on Friday.
A number of other equities research analysts have also recently weighed in on TSQ. ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Townsquare Media in a research note on Tuesday, September 12th. Zacks Investment Research cut Townsquare Media from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Stephens cut Townsquare Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Finally, Bank of America Corporation cut Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.33.
Shares of Townsquare Media (TSQ) opened at $7.76 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.02 and a current ratio of 2.24. The firm has a market capitalization of $143.38, a price-to-earnings ratio of 10.35, a P/E/G ratio of 2.25 and a beta of 1.74. Townsquare Media has a 12 month low of $7.75 and a 12 month high of $13.01.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The company had revenue of $164.11 million for the quarter, compared to analysts’ expectations of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. analysts anticipate that Townsquare Media will post 0.86 earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in TSQ. Bank of New York Mellon Corp raised its stake in Townsquare Media by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 86,798 shares of the company’s stock valued at $1,057,000 after buying an additional 26,179 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Townsquare Media by 122.2% in the first quarter. JPMorgan Chase & Co. now owns 58,230 shares of the company’s stock valued at $709,000 after buying an additional 32,026 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Townsquare Media by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 33,663 shares of the company’s stock valued at $410,000 after buying an additional 1,335 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Townsquare Media by 74.5% in the first quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock valued at $1,612,000 after purchasing an additional 56,509 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Townsquare Media by 66.2% in the first quarter. Goldman Sachs Group Inc. now owns 32,097 shares of the company’s stock valued at $391,000 after purchasing an additional 12,785 shares during the period. Institutional investors own 48.83% of the company’s stock.
About Townsquare Media
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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