Townsquare Media, Inc. (NYSE:TSQ) Short Interest Update

Townsquare Media, Inc. (NYSE:TSQ) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 414,044 shares, a growth of 138.4% from the January 15th total of 173,704 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 306,440 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 306,440 shares, the short-interest ratio is presently 1.4 days. Currently, 3.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TSQ shares. Wall Street Zen lowered Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Townsquare Media in a report on Monday, December 29th. Finally, Barrington Research dropped their target price on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.50.

Insider Activity at Townsquare Media

In other news, COO Erik Hellum sold 7,437 shares of Townsquare Media stock in a transaction on Friday, January 16th. The shares were sold at an average price of $5.54, for a total transaction of $41,200.98. Following the completion of the sale, the chief operating officer directly owned 1,029,150 shares of the company’s stock, valued at approximately $5,701,491. The trade was a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 19,652 shares of company stock valued at $106,335. 30.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently modified their holdings of TSQ. Raymond James Financial Inc. bought a new stake in shares of Townsquare Media in the second quarter worth about $33,000. Crews Bank & Trust purchased a new stake in Townsquare Media in the 4th quarter worth approximately $26,000. AlphaCore Capital LLC bought a new stake in shares of Townsquare Media in the 3rd quarter worth approximately $69,000. Algert Global LLC purchased a new position in shares of Townsquare Media during the third quarter valued at approximately $72,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Townsquare Media during the second quarter valued at approximately $101,000. 71.69% of the stock is owned by institutional investors.

Townsquare Media Stock Performance

TSQ stock traded up $0.01 during trading on Friday, hitting $6.76. 55,514 shares of the company traded hands, compared to its average volume of 250,013. The company has a 50-day moving average of $5.76 and a 200-day moving average of $6.14. Townsquare Media has a 1 year low of $4.30 and a 1 year high of $9.31. The firm has a market capitalization of $111.19 million, a PE ratio of 6.56, a P/E/G ratio of 0.89 and a beta of 0.99.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Townsquare Media had a negative return on equity of 47.95% and a net margin of 4.27%.The firm had revenue of $106.76 million during the quarter, compared to the consensus estimate of $107.96 million. Sell-side analysts expect that Townsquare Media will post 1.07 EPS for the current year.

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.