Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 18,166 shares of the company's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the sale, the chief operating officer now directly owns 562,680 shares in the company, valued at $5,654,934. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Erik Hellum also recently made the following trade(s):
- On Thursday, September 26th, Erik Hellum sold 1,196 shares of Townsquare Media stock. The shares were sold at an average price of $10.24, for a total transaction of $12,247.04.
- On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The shares were sold at an average price of $10.30, for a total transaction of $94,996.90.
Townsquare Media Trading Up 1.6 %
Shares of Townsquare Media stock opened at $10.32 on Wednesday. Townsquare Media, Inc. has a 12-month low of $8.00 and a 12-month high of $13.57. The company has a market cap of $156.05 million, a price-to-earnings ratio of -4.06, a PEG ratio of 0.88 and a beta of 1.36. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. The company's 50-day moving average price is $10.59 and its 200-day moving average price is $11.10.
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Townsquare Media (NYSE:TSQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. The firm had revenue of $118.23 million during the quarter, compared to analysts' expectations of $117.99 million. On average, equities analysts expect that Townsquare Media, Inc. will post 0.97 earnings per share for the current fiscal year.
Townsquare Media Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Tuesday, October 15th. Townsquare Media's dividend payout ratio is currently -31.10%.
Analyst Upgrades and Downgrades
TSQ has been the topic of several recent research reports. StockNews.com downgraded shares of Townsquare Media from a "buy" rating to a "hold" rating in a report on Thursday, August 8th. Barrington Research reissued an "outperform" rating and issued a $17.00 price target on shares of Townsquare Media in a report on Monday, August 12th.
View Our Latest Report on TSQ
Institutional Investors Weigh In On Townsquare Media
A number of institutional investors and hedge funds have recently bought and sold shares of TSQ. Privium Fund Management UK Ltd purchased a new stake in Townsquare Media in the second quarter valued at approximately $232,000. Renaissance Technologies LLC raised its stake in Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company's stock valued at $5,287,000 after purchasing an additional 17,900 shares in the last quarter. Vanguard Group Inc. raised its stake in Townsquare Media by 2.0% in the first 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 in the last quarter. Virtu Financial LLC purchased a new stake in Townsquare Media in the first quarter valued at approximately $124,000. Finally, O Shaughnessy Asset Management LLC raised its stake 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 valued at $824,000 after purchasing an additional 8,079 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.
Townsquare Media Company Profile
(
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.
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