Townsquare Media (NYSE:TSQ) Given Outperform Rating at Barrington Research

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a research note issued on Monday, Benzinga reports. They presently have a $17.00 price target on the stock. Barrington Research’s price target points to a potential upside of 59.18% from the stock’s current price.

Separately, StockNews.com downgraded 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 TSQ stock traded up $0.06 on Monday, reaching $10.68. 26,713 shares of the stock were exchanged, compared to its average volume of 55,143. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.75 and a quick ratio of 1.75. Townsquare Media has a one year low of $8.00 and a one year high of $13.57. The stock has a market cap of $161.49 million, a PE ratio of -4.20, a P/E/G ratio of 0.67 and a beta of 1.34. The stock has a 50 day moving average price of $10.99 and a 200 day moving average price of $11.23.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Townsquare Media

Several institutional investors and hedge funds have recently made changes to their positions in TSQ. Access Investment Management LLC acquired a new position in shares of Townsquare Media in the 4th quarter valued at approximately $4,156,000. Bailard Inc. bought a new stake in shares of Townsquare Media during the fourth quarter worth $247,000. Gabelli Funds LLC increased its position in shares of Townsquare Media by 5.1% during the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock worth $655,000 after acquiring an additional 3,000 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Townsquare Media by 8.0% during the first quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock worth $704,000 after acquiring an additional 4,725 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in Townsquare Media by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after acquiring an additional 8,079 shares in the last quarter. Institutional investors and hedge funds 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.