Barrington Research Reiterates “Outperform” Rating for Townsquare Media (NYSE:TSQ)

Townsquare Media (NYSE:TSQ)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They presently have a $17.00 price objective on the stock. Barrington Research’s price objective indicates a potential upside of 64.57% from the stock’s current price.

Separately, StockNews.com lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Townsquare Media Stock Performance

NYSE TSQ traded up $0.06 during trading hours on Thursday, hitting $10.33. 24,266 shares of the stock were exchanged, compared to its average volume of 51,549. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80. The stock has a 50-day moving average of $10.11 and a 200 day moving average of $10.81. The company has a market cap of $158.98 million, a price-to-earnings ratio of -1.84, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. Townsquare Media has a 12-month low of $8.59 and a 12-month high of $13.57.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.28). The company had revenue of $118.23 million for the quarter, compared to analyst estimates of $117.99 million. Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. As a group, equities research analysts forecast that Townsquare Media will post 0.97 earnings per share for the current year.

Insider Activity at Townsquare Media

In other news, COO Erik Hellum sold 18,166 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $10.05, for a total value of $182,568.30. Following the completion of the sale, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Townsquare Media news, Director Stephen A. Kaplan bought 50,000 shares of Townsquare Media stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the purchase, the director now owns 137,808 shares in the company, valued at $1,434,581.28. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Erik Hellum sold 18,166 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the transaction, the chief operating officer now owns 562,680 shares of the company’s stock, valued at $5,654,934. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,585 shares of company stock worth $289,812. 34.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSQ. Copeland Capital Management LLC acquired a new stake in shares of Townsquare Media in the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. acquired a new position in shares of Townsquare Media in the 2nd quarter worth $57,000. Virtu Financial LLC acquired a new stake in shares of Townsquare Media during the first quarter worth $124,000. Rhumbline Advisers raised its holdings in Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after buying an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of Townsquare Media in the second quarter valued at $232,000. 71.69% of the stock is owned by institutional investors and hedge funds.

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.