Townsquare Media, Inc. (NYSE:TSQ) shares reached a new 52-week low on Friday . The stock traded as low as $7.79 and last traded at $7.92, with a volume of 38994 shares traded. The stock had previously closed at $8.59.

TSQ has been the subject of several recent research reports. 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. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 price objective on shares of Townsquare Media in a research report on Tuesday, September 12th. Finally, Bank of America Corporation cut Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.33.

The company has a quick ratio of 2.02, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market cap of $143.38, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.25 and a beta of 1.74.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. The company had revenue of $164.11 million for the quarter, compared to analyst estimates of $168.49 million. equities analysts predict that Townsquare Media, Inc. will post 0.86 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new position in Townsquare Media during the third quarter valued at approximately $187,000. Beck Mack & Oliver LLC boosted its position in Townsquare Media by 10.9% during the third quarter. Beck Mack & Oliver LLC now owns 136,690 shares of the company’s stock valued at $1,367,000 after purchasing an additional 13,490 shares during the last quarter. Delphi Management Inc. MA boosted its position in Townsquare Media by 2.8% during the second quarter. Delphi Management Inc. MA now owns 86,764 shares of the company’s stock valued at $888,000 after purchasing an additional 2,350 shares during the last quarter. State Street Corp boosted its position in Townsquare Media by 10.6% during the second quarter. State Street Corp now owns 141,635 shares of the company’s stock valued at $1,447,000 after purchasing an additional 13,570 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Townsquare Media by 87.9% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 48,304 shares of the company’s stock valued at $494,000 after purchasing an additional 22,600 shares during the last quarter. 48.83% of the stock is owned by hedge funds and other institutional investors.

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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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