Townsquare Media Inc. (NYSE:TSQ)’s share price was down 2.6% during trading on Thursday . The company traded as low as $9.45 and last traded at $9.47, with a volume of 67,346 shares. The stock had previously closed at $9.72.

A number of equities analysts recently commented on TSQ shares. Macquarie cut Townsquare Media from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $9.00 in a report on Monday, May 23rd. Jefferies Group cut their price target on Townsquare Media from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Finally, Zacks Investment Research lowered Townsquare Media from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Townsquare Media presently has a consensus rating of “Buy” and an average target price of $12.00.

The stock has a 50 day moving average price of $8.35 and a 200 day moving average price of $9.55. The firm has a market capitalization of $174.19 million and a price-to-earnings ratio of 13.47.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $137.20 million for the quarter, compared to analysts’ expectations of $140.08 million. Equities research analysts expect that Townsquare Media Inc. will post $1.11 earnings per share for the current fiscal year.

In related news, Chairman Steven Price acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average cost of $7.20 per share, with a total value of $360,000.00. Following the completion of the acquisition, the chairman now directly owns 60,737 shares of the company’s stock, valued at $437,306.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

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