Townsquare Media (TSQ) Stock Rating Reaffirmed by Noble Financial

Townsquare Media (NYSE:TSQ)‘s stock had its “buy” rating reaffirmed by equities researchers at Noble Financial in a note issued to investors on Wednesday, October 17th.

A number of other equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Townsquare Media from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.80.

Shares of NYSE TSQ traded down $0.07 during midday trading on Wednesday, hitting $6.30. The company had a trading volume of 54,605 shares, compared to its average volume of 45,522. The company has a quick ratio of 2.17, a current ratio of 2.27 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $118.09 million, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.69 and a beta of 1.38. Townsquare Media has a twelve month low of $6.03 and a twelve month high of $9.79.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $114.07 million for the quarter, compared to analyst estimates of $112.59 million. Townsquare Media had a positive return on equity of 6.11% and a negative net margin of 9.68%. Equities research analysts expect that Townsquare Media will post 0.82 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. Millennium Management LLC acquired a new position in shares of Townsquare Media during the second quarter worth $1,637,000. Beck Mack & Oliver LLC lifted its position in shares of Townsquare Media by 7.7% during the second quarter. Beck Mack & Oliver LLC now owns 280,000 shares of the company’s stock worth $1,812,000 after purchasing an additional 20,050 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of Townsquare Media by 24.9% during the second quarter. Teton Advisors Inc. now owns 125,007 shares of the company’s stock worth $809,000 after purchasing an additional 24,923 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Townsquare Media during the second quarter worth $170,000. Finally, Paloma Partners Management Co acquired a new position in shares of Townsquare Media during the second quarter worth $278,000. Institutional investors own 42.65% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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