Townsquare Media (NYSE:TSQ) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Townsquare Media, Inc. (NYSE:TSQ)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.24 and traded as high as $5.50. Townsquare Media shares last traded at $5.30, with a volume of 57,577 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSQ. Weiss Ratings reiterated a “sell (d)” rating on shares of Townsquare Media in a research note on Monday, December 29th. Wall Street Zen downgraded Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Barrington Research reduced their price objective on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.50.

Townsquare Media Stock Down 1.5%

The company has a market cap of $87.24 million, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 0.71 and a beta of 0.88. The firm’s 50-day moving average price is $5.24 and its 200-day moving average price is $6.44.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. The business had revenue of $106.76 million during the quarter, compared to analyst estimates of $107.96 million. As a group, analysts forecast that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Townsquare Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 26th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date is Monday, January 26th. Townsquare Media’s payout ratio is presently 77.67%.

Insider Buying and Selling

In other Townsquare Media news, COO Erik Hellum sold 5,693 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $5.06, for a total value of $28,806.58. Following the completion of the transaction, the chief operating officer owned 754,798 shares in the company, valued at $3,819,277.88. This trade represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 30.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Townsquare Media

Large investors have recently modified their holdings of the company. Access Investment Management LLC bought a new position in Townsquare Media in the 2nd quarter valued at $3,160,000. RBF Capital LLC raised its position in shares of Townsquare Media by 862.7% in the second quarter. RBF Capital LLC now owns 422,931 shares of the company’s stock worth $3,345,000 after buying an additional 379,000 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in Townsquare Media during the second quarter valued at $1,186,000. American Century Companies Inc. grew its position in Townsquare Media by 18.0% during the second quarter. American Century Companies Inc. now owns 856,651 shares of the company’s stock worth $6,776,000 after buying an additional 130,537 shares in the last quarter. Finally, Teton Advisors LLC purchased a new position in Townsquare Media during the third quarter worth about $780,000. 71.69% of the stock is currently owned by institutional investors.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.