Townsquare Media (NYSE:TSQ) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a report published on Tuesday,Benzinga reports. Barrington Research currently has a $15.00 target price on the stock.

Separately, Noble Financial restated an “outperform” rating and set a $21.00 price target on shares of Townsquare Media in a report on Friday, January 24th.

Townsquare Media Trading Down 1.4 %

Shares of Townsquare Media stock opened at $8.03 on Tuesday. The firm has a market capitalization of $124.76 million, a PE ratio of -2.96, a P/E/G ratio of 0.58 and a beta of 1.33. Townsquare Media has a twelve month low of $7.56 and a twelve month high of $13.57. The firm’s 50-day moving average price is $8.75 and its 200 day moving average price is $9.55.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Monday, March 17th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $117.81 million during the quarter, compared to the consensus estimate of $116.41 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, sell-side analysts predict that Townsquare Media will post 1.07 EPS for the current fiscal year.

Townsquare Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 9.97%. The ex-dividend date is Thursday, April 17th. This is a boost from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

Insider Buying and Selling at Townsquare Media

In related news, EVP Scott Schatz sold 4,594 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total value of $44,332.10. Following the completion of the sale, the executive vice president now directly owns 31,366 shares of the company’s stock, valued at $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00. Following the completion of the sale, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,594 shares of company stock valued at $186,882 in the last 90 days. Company insiders own 30.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSQ. Two Sigma Advisers LP increased its stake in Townsquare Media by 130.7% in the fourth quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock valued at $942,000 after purchasing an additional 58,700 shares during the period. Millennium Management LLC boosted its holdings in Townsquare Media by 129.9% during the fourth quarter. Millennium Management LLC now owns 92,557 shares of the company’s stock worth $841,000 after buying an additional 52,299 shares in the last quarter. Marshall Wace LLP purchased a new stake in Townsquare Media during the fourth quarter worth about $369,000. Northern Trust Corp boosted its holdings in Townsquare Media by 25.1% during the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock worth $1,317,000 after buying an additional 29,019 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Townsquare Media by 77.6% in the fourth quarter. Two Sigma Investments LP now owns 62,859 shares of the company’s stock valued at $571,000 after purchasing an additional 27,458 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.