Townsquare Media, Inc. (NYSE:TSQ) COO Sells $32,504.28 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 4,591 shares of Townsquare Media stock in a transaction on Friday, June 6th. The shares were sold at an average price of $7.08, for a total value of $32,504.28. Following the completion of the sale, the chief operating officer now owns 733,948 shares in the company, valued at $5,196,351.84. This represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Erik Hellum also recently made the following trade(s):

• On Thursday, June 5th, Erik Hellum sold 3,104 shares of Townsquare Media stock. The stock was sold at an average price of $7.00, for a total value of $21,728.00.
• On Tuesday, June 3rd, Erik Hellum sold 17,305 shares of Townsquare Media stock. The shares were sold at an average price of $7.00, for a total transaction of $121,135.00.

Townsquare Media Trading Up 1.3%

Townsquare Media stock traded up $0.09 during midday trading on Monday, reaching $7.27. 129,909 shares of the stock traded hands, compared to its average volume of 61,669. The firm has a market cap of $118.88 million, a PE ratio of -2.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11. The company has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $8.34. Townsquare Media, Inc. has a 12-month low of $6.47 and a 12-month high of $12.32.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $98.68 million during the quarter, compared to analyst estimates of $98.50 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. Equities research analysts anticipate that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Townsquare Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 11.00%. Townsquare Media’s dividend payout ratio is presently -60.15%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Townsquare Media from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. Barrington Research lowered their price objective on shares of Townsquare Media from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Finally, Noble Financial reiterated a “buy” rating and issued a $21.00 target price on shares of Townsquare Media in a report on Friday, May 9th.

Hedge Funds Weigh In On Townsquare Media

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock valued at $57,000 after purchasing an additional 2,259 shares during the period. Copeland Capital Management LLC raised its position in Townsquare Media by 73.4% in the 1st quarter. Copeland Capital Management LLC now owns 6,753 shares of the company’s stock valued at $55,000 after purchasing an additional 2,859 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Townsquare Media in the 4th quarter valued at about $69,000. Russell Investments Group Ltd. grew its position in shares of Townsquare Media by 1,086.0% during the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock worth $76,000 after buying an additional 7,700 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Townsquare Media during the first quarter worth approximately $86,000. 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.