Wells Fargo & Company MN Purchases 2,259 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Wells Fargo & Company MN grew its position in shares of Townsquare Media, Inc. (NYSE:TSQ) by 56.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,296 shares of the company’s stock after acquiring an additional 2,259 shares during the period. Wells Fargo & Company MN’s holdings in Townsquare Media were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Trexquant Investment LP increased its position in shares of Townsquare Media by 122.8% during the 4th quarter. Trexquant Investment LP now owns 28,353 shares of the company’s stock valued at $258,000 after purchasing an additional 15,628 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Townsquare Media by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 280,897 shares of the company’s stock valued at $2,554,000 after purchasing an additional 1,912 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Townsquare Media by 47.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock valued at $247,000 after acquiring an additional 8,700 shares during the period. Sei Investments Co. boosted its holdings in Townsquare Media by 2.1% during the 4th quarter. Sei Investments Co. now owns 72,426 shares of the company’s stock valued at $658,000 after acquiring an additional 1,513 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Townsquare Media by 1.3% during the 4th quarter. American Century Companies Inc. now owns 699,787 shares of the company’s stock valued at $6,361,000 after acquiring an additional 9,292 shares during the period. 71.69% of the stock is currently owned by institutional investors.

Townsquare Media Price Performance

Shares of TSQ stock opened at $7.29 on Wednesday. The stock has a market capitalization of $117.51 million, a PE ratio of -2.69, a P/E/G ratio of 0.58 and a beta of 1.08. Townsquare Media, Inc. has a 1-year low of $6.47 and a 1-year high of $12.32. The business has a 50-day moving average of $7.39 and a 200 day moving average of $8.74.

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

Townsquare Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 10.97%. The ex-dividend date is Friday, July 18th. Townsquare Media’s dividend payout ratio (DPR) is currently -60.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSQ shares. Noble Financial restated an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a report on Friday, January 24th. Barrington Research dropped their target price on Townsquare Media from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, StockNews.com upgraded Townsquare Media from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 8th.

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.