Townsquare Media (NYSE:TSQ) Shares Cross Above 50 Day Moving Average of $11.10

Townsquare Media, Inc. (NYSE:TSQ) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.10 and traded as high as $12.43. Townsquare Media shares last traded at $11.92, with a volume of 49,872 shares changing hands.

Analyst Ratings Changes

Several research analysts have issued reports on TSQ shares. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Tuesday, April 2nd. Guggenheim raised their target price on shares of Townsquare Media from $12.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th. Finally, Noble Financial raised their price objective on shares of Townsquare Media from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 1st.

Townsquare Media Trading Up 1.9 %

The firm’s 50 day simple moving average is $11.16 and its 200-day simple moving average is $10.30. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 50.41. The company has a market capitalization of $206.05 million, a PE ratio of -4.52, a P/E/G ratio of 0.65 and a beta of 1.37.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Friday, March 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. Townsquare Media had a negative net margin of 9.90% and a positive return on equity of 55.40%. The firm had revenue of $114.79 million for the quarter, compared to analysts’ expectations of $111.78 million. As a group, equities research analysts anticipate that Townsquare Media, Inc. will post 1.54 EPS for the current year.

Townsquare Media Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be paid a dividend of $0.198 per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.19. This represents a $0.79 dividend on an annualized basis and a yield of 6.39%. Townsquare Media’s dividend payout ratio is currently -28.83%.

Insider Transactions at Townsquare Media

In other news, CFO Stuart B. Rosenstein sold 782,840 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total value of $9,675,902.40. Following the completion of the sale, the chief financial officer now directly owns 492,663 shares of the company’s stock, valued at $6,089,314.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Stuart B. Rosenstein sold 782,840 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total value of $9,675,902.40. Following the completion of the transaction, the chief financial officer now directly owns 492,663 shares of the company’s stock, valued at $6,089,314.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Steven Price sold 1,565,681 shares of Townsquare Media stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total value of $19,351,817.16. Following the transaction, the chairman now directly owns 897,115 shares of the company’s stock, valued at $11,088,341.40. The disclosure for this sale can be found here. Insiders sold 2,886,934 shares of company stock valued at $35,653,276 over the last three months. 34.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Townsquare Media by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 591,495 shares of the company’s stock valued at $6,246,000 after acquiring an additional 7,252 shares during the last quarter. Barclays PLC raised its position in shares of Townsquare Media by 109.5% during the 4th quarter. Barclays PLC now owns 26,676 shares of the company’s stock valued at $282,000 after acquiring an additional 13,944 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Townsquare Media by 12.3% during the 4th quarter. Nuveen Asset Management LLC now owns 16,995 shares of the company’s stock valued at $180,000 after acquiring an additional 1,863 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Townsquare Media by 0.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 362,847 shares of the company’s stock valued at $3,832,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Townsquare Media by 2.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 243,700 shares of the company’s stock valued at $2,573,000 after acquiring an additional 5,288 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.