Townsquare Media (NYSE:TSQ) has been assigned a $9.00 target price by analysts at Stephens in a research note issued on Tuesday. The firm presently has a “hold” rating on the stock. Stephens’ price objective indicates a potential upside of 15.98% from the stock’s current price.

TSQ has been the topic of several other reports. Royal Bank of Canada cut their target price on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. ValuEngine downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Barrington Research upgraded Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.80.

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Shares of Townsquare Media (NYSE TSQ) opened at $7.76 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $143.39, a P/E ratio of 12.13, a P/E/G ratio of 1.89 and a beta of 1.43. Townsquare Media has a 52 week low of $6.28 and a 52 week high of $13.01.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $114.26 million for the quarter, compared to the consensus estimate of $118.61 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. analysts forecast that Townsquare Media will post 0.73 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. purchased a new stake in Townsquare Media during the 2nd quarter valued at $128,000. Stone Ridge Asset Management LLC purchased a new stake in Townsquare Media during the 4th quarter valued at $172,000. Macquarie Group Ltd. purchased a new stake in Townsquare Media during the 3rd quarter valued at $187,000. Teachers Advisors LLC boosted its stake in Townsquare Media by 10.5% during the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock valued at $219,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Townsquare Media by 119.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 22,162 shares of the company’s stock valued at $222,000 after purchasing an additional 12,062 shares during the last quarter. Institutional investors and hedge funds own 49.02% of the company’s stock.

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About Townsquare Media

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.

Analyst Recommendations for Townsquare Media (NYSE:TSQ)

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