Townsquare Media, Inc. (TSQ) Receives Buy Rating from Noble Financial

Noble Financial reissued their buy rating on shares of Townsquare Media, Inc. (NYSE:TSQ) in a research report report published on Friday morning.

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.

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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.

Analyst Recommendations for Townsquare Media (NYSE:TSQ)

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