Townsquare Media (NYSE:TSQ) Given “Outperform” Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a research note published on Monday, Benzinga reports. Barrington Research currently has a $17.00 price objective on the stock. Barrington Research also issued estimates for Townsquare Media’s Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $0.97 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $0.87 EPS and FY2026 earnings at $1.04 EPS.

Separately, StockNews.com downgraded shares of Townsquare Media from a buy rating to a hold rating in a research note on Thursday, August 8th.

Townsquare Media Trading Up 5.1 %

Shares of Townsquare Media stock opened at $10.52 on Monday. The company’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $11.21. The company has a market cap of $159.06 million, a price-to-earnings ratio of -4.14, a PEG ratio of 0.65 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media has a 1 year low of $8.00 and a 1 year high of $13.57.

Townsquare Media Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.51%. Townsquare Media’s dividend payout ratio is currently -31.10%.

Insiders Place Their Bets

In other Townsquare Media news, CAO Robert L. Worshek sold 15,980 shares of Townsquare Media stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $11.06, for a total transaction of $176,738.80. Following the sale, the chief accounting officer now owns 58,097 shares in the company, valued at $642,552.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 30.50% of the company’s stock.

Institutional Investors Weigh In On Townsquare Media

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in shares of Townsquare Media during the second quarter valued at $57,000. Mackenzie Financial Corp bought a new position in shares of Townsquare Media during the fourth quarter valued at $107,000. Virtu Financial LLC bought a new position in shares of Townsquare Media during the first quarter valued at $124,000. Rhumbline Advisers lifted its holdings in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd bought a new position in shares of Townsquare Media during the second quarter valued at $232,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.