Townsquare Media, Inc. (NYSE:TSQ) Short Interest Update

Townsquare Media, Inc. (NYSE:TSQ) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 493,634 shares, a growth of 19.2% from the January 29th total of 414,044 shares. Based on an average daily volume of 199,138 shares, the short-interest ratio is currently 2.5 days. Approximately 4.2% of the company’s stock are sold short. Approximately 4.2% of the company’s stock are sold short. Based on an average daily volume of 199,138 shares, the short-interest ratio is currently 2.5 days.

Insider Activity

In other news, COO Erik Hellum sold 7,437 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $5.54, for a total value of $41,200.98. Following the sale, the chief operating officer directly owned 1,029,150 shares of the company’s stock, valued at $5,701,491. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 19,652 shares of company stock worth $106,335 in the last ninety days. 30.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Townsquare Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in Townsquare Media during the 4th quarter valued at $83,000. CastleKnight Management LP purchased a new stake in Townsquare Media during the fourth quarter valued at $209,000. Marshall Wace LLP lifted its holdings in Townsquare Media by 6.3% in the fourth quarter. Marshall Wace LLP now owns 37,953 shares of the company’s stock valued at $195,000 after acquiring an additional 2,256 shares during the period. Beck Mack & Oliver LLC boosted its position in Townsquare Media by 8.6% in the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,600 shares of the company’s stock worth $5,518,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Townsquare Media by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 95,972 shares of the company’s stock valued at $493,000 after purchasing an additional 13,373 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen cut Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Townsquare Media in a research report on Monday, December 29th. Finally, Barrington Research cut their price objective on shares of Townsquare Media from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Townsquare Media Stock Performance

Shares of NYSE:TSQ opened at $7.41 on Friday. The firm has a market cap of $121.97 million, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.99 and a beta of 0.96. The business has a 50-day simple moving average of $6.29 and a two-hundred day simple moving average of $6.16. Townsquare Media has a fifty-two week low of $4.30 and a fifty-two week high of $9.31.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.