Townsquare Media Inc. (TSQ) Sees Large Volume Increase
Shares of Townsquare Media Inc. (NYSE:TSQ) saw unusually-strong trading volume on Friday . Approximately 101,100 shares traded hands during trading, an increase of 59% from the previous session’s volume of 63,513 shares.The stock last traded at $8.33 and had previously closed at $8.33.
Several analysts recently commented on TSQ shares. Macquarie downgraded shares of Townsquare Media from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $12.00 to $9.00 in a report on Monday, May 23rd. Zacks Investment Research downgraded shares of Townsquare Media from a “hold” rating to a “sell” rating in a report on Wednesday.
The firm has a market capitalization of $153.22 million and a PE ratio of 23.80. The stock’s 50 day moving average price is $8.49 and its 200-day moving average price is $9.85.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). On average, analysts expect that Townsquare Media Inc. will post $1.18 earnings per share for the current fiscal year.
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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