Jefferies Group LLC reissued their buy rating on shares of Townsquare Media, Inc. (NYSE:TSQ) in a research note released on Tuesday. Jefferies Group LLC currently has a $13.00 price target on the stock.
A number of other equities analysts also recently issued reports on TSQ. Zacks Investment Research downgraded shares of Townsquare Media from a buy rating to a hold rating in a report on Saturday, August 12th. Noble Financial reiterated a buy rating on shares of Townsquare Media in a report on Friday, August 11th. Finally, Royal Bank Of Canada set a $13.00 price target on shares of Townsquare Media and gave the company a buy rating in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $12.67.
Shares of Townsquare Media (TSQ) opened at 10.20 on Tuesday. The company’s 50-day moving average is $10.32 and its 200 day moving average is $10.79. Townsquare Media has a 52-week low of $8.12 and a 52-week high of $13.01. The firm has a market cap of $188.48 million, a price-to-earnings ratio of 13.51 and a beta of 1.74.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $140.66 million for the quarter, compared to analysts’ expectations of $141.49 million. Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. On average, analysts expect that Townsquare Media will post $0.95 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Townsquare Media by 74.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock valued at $1,612,000 after acquiring an additional 56,509 shares during the last quarter. Wells Fargo & Company MN grew its stake in Townsquare Media by 39.4% in the 1st quarter. Wells Fargo & Company MN now owns 99,393 shares of the company’s stock valued at $1,211,000 after acquiring an additional 28,105 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Townsquare Media by 122.2% in the 1st quarter. JPMorgan Chase & Co. now owns 58,230 shares of the company’s stock valued at $709,000 after acquiring an additional 32,026 shares during the last quarter. Hancock Holding Co. acquired a new stake in Townsquare Media in the 1st quarter valued at about $201,000. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in Townsquare Media by 25,604.0% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 25,704 shares of the company’s stock valued at $312,000 after acquiring an additional 25,604 shares during the last quarter. 49.12% of the stock is currently owned by hedge funds and other 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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