Townsquare Media Inc. (TSQ) Trading 12% Higher
Townsquare Media Inc. (NYSE:TSQ) traded up 12% during trading on Wednesday . The stock traded as high as $9.70 and last traded at $9.43, with a volume of 107,642 shares traded. The stock had previously closed at $8.42.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Jefferies Group dropped 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, Macquarie lowered Townsquare Media from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $9.00 in a research note on Monday, May 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Townsquare Media has a consensus rating of “Buy” and a consensus target price of $12.00.
The stock has a market capitalization of $178.24 million and a P/E ratio of 13.78. The company has a 50 day moving average of $8.25 and a 200 day moving average of $9.55.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.03. The firm earned $137.20 million during the quarter, compared to the consensus estimate of $140.08 million. Equities research analysts anticipate that Townsquare Media Inc. will post $1.11 EPS 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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