Townsquare Media (TSQ) PT Set at $9.00 by Stephens
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.
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.
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.
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