Townsquare Media Inc. (TSQ) Shares Up 3.1%
Townsquare Media Inc. (NYSE:TSQ)’s share price shot up 3.1% on Tuesday . The company traded as high as $9.75 and last traded at $9.67, with a volume of 53,749 shares traded. The stock had previously closed at $9.38.
A number of brokerages recently weighed in on TSQ. Zacks Investment Research upgraded shares of Townsquare Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Jefferies Group dropped their target price on shares of Townsquare Media from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Finally, Macquarie lowered shares of Townsquare Media from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $9.00 in a research report on Monday, May 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Townsquare Media currently has an average rating of “Buy” and a consensus price target of $12.00.
The firm has a market capitalization of $178.42 million and a price-to-earnings ratio of 13.80. The company’s 50-day moving average is $8.64 and its 200-day moving average is $9.48.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by $0.03. The business had revenue of $137.20 million for the quarter, compared to analyst estimates of $140.08 million. Equities research analysts forecast that Townsquare Media Inc. will post $1.11 EPS for the current fiscal year.
In other Townsquare Media news, Chairman Steven Price acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average cost of $7.20 per share, for a total transaction of $360,000.00. Following the purchase, the chairman now owns 60,737 shares in the company, valued at approximately $437,306.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
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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