Townsquare Media (NYSE:TSQ) Shares Pass Below 200 Day Moving Average – Here’s Why

Townsquare Media, Inc. (NYSE:TSQ) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.08 and traded as low as $8.98. Townsquare Media shares last traded at $9.06, with a volume of 25,278 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research note on Thursday, November 7th. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Noble Financial reissued an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a research report on Friday, January 24th.

Townsquare Media Price Performance

The stock has a market capitalization of $139.95 million, a price-to-earnings ratio of -3.32, a price-to-earnings-growth ratio of 0.59 and a beta of 1.31. The company has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.05.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The company had revenue of $115.31 million for the quarter, compared to analysts’ expectations of $115.48 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Research analysts anticipate that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Insider Transactions at Townsquare Media

In related news, major shareholder Msd Capital L. P sold 36,574 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $10.16, for a total value of $371,591.84. Following the sale, the insider now directly owns 1,470,067 shares in the company, valued at $14,935,880.72. The trade was a 2.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claire Marie Yenicay sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $9.65, for a total transaction of $48,250.00. Following the sale, the executive vice president now owns 207,393 shares of the company’s stock, valued at $2,001,342.45. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 68,214 shares of company stock valued at $679,106. Company insiders own 30.50% of the company’s stock.

Institutional Trading of Townsquare Media

A number of hedge funds have recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new position in shares of Townsquare Media during the third quarter valued at $39,000. BNP Paribas Financial Markets grew its stake in Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after acquiring an additional 1,503 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Townsquare Media in the 4th quarter valued at about $69,000. Krilogy Financial LLC lifted its position in shares of Townsquare Media by 33.3% in the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock worth $364,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Townsquare Media by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,730 shares of the company’s stock worth $370,000 after purchasing an additional 3,319 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.