Townsquare Media (NYSE:TSQ) has received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.50.
A number of analysts recently issued reports on the company. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a report on Wednesday. ValuEngine lowered Townsquare Media from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. TheStreet lowered Townsquare Media from a “c” rating to a “d+” rating in a report on Thursday, April 5th. Stephens set a $9.00 price target on Townsquare Media and gave the company a “hold” rating in a report on Tuesday, March 13th. Finally, Barrington Research upgraded Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Tuesday, March 13th.
Shares of Townsquare Media opened at $7.09 on Friday, according to MarketBeat. The company has a quick ratio of 1.89, a current ratio of 1.95 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $126.38 million, a P/E ratio of 9.58, a PEG ratio of 1.74 and a beta of 1.24. Townsquare Media has a 52-week low of $6.86 and a 52-week high of $7.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Thursday, June 28th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, June 27th. Townsquare Media’s dividend payout ratio (DPR) is 40.54%.
A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Townsquare Media by 31.3% in the first quarter. Dimensional Fund Advisors LP now owns 386,542 shares of the company’s stock worth $3,065,000 after buying an additional 92,121 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Townsquare Media by 18.6% in the first quarter. Gamco Investors INC. ET AL now owns 118,000 shares of the company’s stock worth $936,000 after buying an additional 18,500 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Townsquare Media by 25.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 48,699 shares of the company’s stock worth $387,000 after buying an additional 10,000 shares in the last quarter. Trexquant Investment LP bought a new position in Townsquare Media in the first quarter worth approximately $297,000. Finally, Algert Global LLC increased its position in shares of Townsquare Media by 15.4% during the first quarter. Algert Global LLC now owns 239,636 shares of the company’s stock worth $1,900,000 after purchasing an additional 31,896 shares in the last quarter. 49.92% of the stock is owned by institutional investors.
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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