Townsquare Media (TSQ) Downgraded by TheStreet to “D+”

TheStreet downgraded shares of Townsquare Media (NYSE:TSQ) from a c rating to a d+ rating in a research note published on Thursday.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised Townsquare Media from a sell rating to a hold rating in a research note on Tuesday, February 6th. ValuEngine cut Townsquare Media from a buy rating to a hold rating in a research note on Friday, February 2nd. Noble Financial reissued a buy rating on shares of Townsquare Media in a research note on Friday, March 23rd. Stephens set a $9.00 price objective on Townsquare Media and gave the stock a hold rating in a research note on Tuesday, March 13th. Finally, Barrington Research raised Townsquare Media from a market perform rating to an outperform rating and set a $10.00 price objective on the stock in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $10.80.

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NYSE:TSQ traded down $0.08 during midday trading on Thursday, hitting $7.75. The stock had a trading volume of 58,445 shares, compared to its average volume of 96,694. Townsquare Media has a one year low of $6.28 and a one year high of $12.22. The stock has a market cap of $144.68, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.46.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Tuesday, March 13th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Townsquare Media had a positive return on equity of 5.44% and a negative net margin of 2.13%. The company had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $118.61 million. sell-side analysts anticipate that Townsquare Media will post 0.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, March 29th. This represents a $0.30 dividend on an annualized basis and a yield of 3.87%. Townsquare Media’s dividend payout ratio is currently 40.54%.

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Townsquare Media by 16.7% during the fourth quarter. Renaissance Technologies LLC now owns 428,700 shares of the company’s stock worth $3,292,000 after buying an additional 61,401 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Townsquare Media by 25.8% during the third quarter. Dimensional Fund Advisors LP now owns 228,862 shares of the company’s stock worth $2,289,000 after buying an additional 46,919 shares during the period. Beck Mack & Oliver LLC lifted its holdings in Townsquare Media by 57.3% during the fourth quarter. Beck Mack & Oliver LLC now owns 214,990 shares of the company’s stock worth $1,651,000 after buying an additional 78,300 shares during the period. Algert Global LLC lifted its holdings in Townsquare Media by 17.2% during the fourth quarter. Algert Global LLC now owns 207,740 shares of the company’s stock worth $1,595,000 after buying an additional 30,500 shares during the period. Finally, State Street Corp lifted its holdings in Townsquare Media by 10.6% during the second quarter. State Street Corp now owns 141,635 shares of the company’s stock worth $1,447,000 after buying an additional 13,570 shares during the period. Institutional investors own 49.34% of the company’s stock.

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About Townsquare Media

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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