Several other equities research analysts have also commented on the company. ValuEngine lowered Townsquare Media from a buy rating to a hold rating in a research note on Thursday, November 9th. Stephens lowered Townsquare Media from an overweight rating to an equal weight rating in a research note on Wednesday, November 8th. Royal Bank Of Canada restated a buy rating and set a $12.00 price target on shares of Townsquare Media in a research note on Friday, October 13th. Bank of America Corporation lowered Townsquare Media from a buy rating to an underperform rating in a research note on Friday, September 29th. Finally, Jefferies Group LLC restated a buy rating and set a $13.00 price target on shares of Townsquare Media in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $11.67.
Townsquare Media (TSQ) opened at $7.55 on Friday. The company has a market capitalization of $143.38, a price-to-earnings ratio of 10.35, a P/E/G ratio of 2.25 and a beta of 1.74. Townsquare Media has a 12 month low of $7.44 and a 12 month high of $13.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24.
Townsquare Media (NYSE:TSQ) last released its earnings results on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). The business had revenue of $164.11 million during the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. equities analysts predict that Townsquare Media will post 0.86 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of TSQ. Boston Partners boosted its position in shares of Townsquare Media by 428.1% in the second quarter. Boston Partners now owns 229,702 shares of the company’s stock worth $2,352,000 after buying an additional 186,202 shares during the period. Northern Trust Corp boosted its position in shares of Townsquare Media by 132.3% in the second quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock worth $2,172,000 after buying an additional 120,796 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Townsquare Media by 74.5% in the first quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock worth $1,612,000 after buying an additional 56,509 shares during the period. Numeric Investors LLC boosted its position in shares of Townsquare Media by 67.8% in the second quarter. Numeric Investors LLC now owns 121,739 shares of the company’s stock worth $1,247,000 after buying an additional 49,200 shares during the period. Finally, Beck Mack & Oliver LLC boosted its position in shares of Townsquare Media by 52.1% in the second quarter. Beck Mack & Oliver LLC now owns 123,200 shares of the company’s stock worth $1,262,000 after buying an additional 42,200 shares during the period. 48.42% of the stock is owned by 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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