Townsquare Media’s (TSQ) “Buy” Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of Townsquare Media, Inc. (NYSE:TSQ) in a report published on Tuesday morning. The brokerage currently has a $13.00 price objective on the stock.
A number of other equities analysts also recently commented on TSQ. Royal Bank Of Canada set a $13.00 price objective on Townsquare Media and gave the stock a buy rating in a research report on Tuesday, July 18th. Zacks Investment Research raised Townsquare Media from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Wednesday, July 19th. Finally, Noble Financial reissued a buy rating on shares of Townsquare Media in a research report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $12.67.
Shares of Townsquare Media (NYSE:TSQ) opened at 9.99 on Tuesday. Townsquare Media has a 52-week low of $8.12 and a 52-week high of $13.01. The firm’s 50 day moving average is $10.22 and its 200 day moving average is $10.78. The stock has a market capitalization of $184.60 million, a price-to-earnings ratio of 13.23 and a beta of 1.74.
Townsquare Media (NYSE:TSQ) last released its earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $140.66 million during the quarter, compared to analyst estimates of $141.49 million. Townsquare Media had a net margin of 4.11% and a return on equity of 6.85%. Equities analysts expect that Townsquare Media will post $0.95 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in TSQ. Boston Partners boosted its holdings in Townsquare Media by 428.1% in the second quarter. Boston Partners now owns 229,702 shares of the company’s stock valued at $2,352,000 after purchasing an additional 186,202 shares in the last quarter. Northern Trust Corp boosted its holdings in Townsquare Media by 132.3% in the second quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after purchasing an additional 120,796 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Townsquare Media in the first quarter valued at approximately $793,000. Dimensional Fund Advisors LP boosted its holdings in Townsquare Media by 74.5% in the first quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock valued at $1,612,000 after purchasing an additional 56,509 shares in the last quarter. Finally, Numeric Investors LLC boosted its holdings in Townsquare Media by 67.8% in the second quarter. Numeric Investors LLC now owns 121,739 shares of the company’s stock valued at $1,247,000 after purchasing an additional 49,200 shares in the last quarter. 49.12% of the stock is owned by hedge funds and other institutional investors.
Townsquare Media Company Profile
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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