Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 1,196 shares of Townsquare Media stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $10.24, for a total value of $12,247.04. Following the completion of the transaction, the chief operating officer now directly owns 595,353 shares in the company, valued at approximately $6,096,414.72. The sale was disclosed in a document filed with the SEC, which is available at this link.
Erik Hellum also recently made the following trade(s):
- On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90.
Townsquare Media Stock Performance
TSQ stock opened at $10.19 on Friday. The stock has a market cap of $156.82 million, a P/E ratio of -4.01, a P/E/G ratio of 0.88 and a beta of 1.36. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50 day simple moving average of $10.62 and a 200 day simple moving average of $11.09. Townsquare Media, Inc. has a 52 week low of $8.00 and a 52 week high of $13.57.
Townsquare Media (NYSE:TSQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The company had revenue of $118.23 million for the quarter, compared to analysts' expectations of $117.99 million. Research analysts anticipate that Townsquare Media, Inc. will post 0.97 earnings per share for the current fiscal year.
Townsquare Media Cuts Dividend
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The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1975 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 annualized dividend and a dividend yield of 7.75%. Townsquare Media's dividend payout ratio is -31.10%.
Wall Street Analyst Weigh In
Several brokerages recently commented on TSQ. Barrington Research restated an "outperform" rating and issued a $17.00 price target on shares of Townsquare Media in a research report on Monday, August 12th. StockNews.com lowered Townsquare Media from a "buy" rating to a "hold" rating in a report on Thursday, August 8th.
Read Our Latest Stock Report on TSQ
Institutional Investors Weigh In On Townsquare Media
Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Townsquare Media by 17.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 38,891 shares of the company's stock valued at $411,000 after acquiring an additional 5,852 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Townsquare Media by 5.1% during the 4th quarter. Gabelli Funds LLC now owns 62,000 shares of the company's stock valued at $655,000 after purchasing an additional 3,000 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Townsquare Media by 8.0% during the 1st quarter. Empowered Funds LLC now owns 64,125 shares of the company's stock valued at $704,000 after purchasing an additional 4,725 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Townsquare Media by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company's stock valued at $6,627,000 after purchasing an additional 12,073 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Townsquare Media by 12.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company's stock worth $824,000 after purchasing an additional 8,079 shares in the last quarter. Institutional investors own 71.69% of the company's stock.
About Townsquare Media
(
Get Free Report)
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.
Further Reading
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