ValuEngine upgraded shares of Townsquare Media (NYSE:TSQ) from a sell rating to a hold rating in a research note published on Tuesday.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Townsquare Media from a hold rating to a sell rating in a research report on Wednesday, May 30th. Noble Financial set a $11.00 price objective on Townsquare Media and gave the stock a buy rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Townsquare Media has an average rating of Buy and an average price target of $10.33.

Shares of Townsquare Media stock opened at $9.41 on Tuesday. The company has a market capitalization of $171.38 million, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 2.43 and a beta of 1.14. Townsquare Media has a fifty-two week low of $6.03 and a fifty-two week high of $10.59. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.59.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.09. The company had revenue of $119.58 million during the quarter, compared to analyst estimates of $115.56 million. Townsquare Media had a positive return on equity of 7.07% and a negative net margin of 7.70%. equities research analysts predict that Townsquare Media will post 0.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, September 27th will be given a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 26th. This represents a $0.30 annualized dividend and a yield of 3.19%. Townsquare Media’s payout ratio is 40.54%.

In other Townsquare Media news, CEO Dhruv Prasad acquired 5,000 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was bought at an average cost of $6.19 per share, for a total transaction of $30,950.00. Following the completion of the transaction, the chief executive officer now owns 5,000 shares of the company’s stock, valued at approximately $30,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 8,500 shares of company stock valued at $53,360 over the last quarter. 26.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of Townsquare Media during the second quarter worth $1,637,000. Paloma Partners Management Co purchased a new position in shares of Townsquare Media during the second quarter worth $278,000. Teton Advisors Inc. boosted its position in shares of Townsquare Media by 24.9% during the second quarter. Teton Advisors Inc. now owns 125,007 shares of the company’s stock worth $809,000 after buying an additional 24,923 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Townsquare Media by 22.5% during the second quarter. Gamco Investors INC. ET AL now owns 144,500 shares of the company’s stock worth $935,000 after buying an additional 26,500 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Townsquare Media by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 488,076 shares of the company’s stock worth $3,158,000 after buying an additional 101,534 shares during the period. Institutional investors and hedge funds own 42.98% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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Analyst Recommendations for Townsquare Media (NYSE:TSQ)

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