Key Points
- COO Erik Hellum sold 5,693 shares on Dec. 29 at an average price of $5.06 for $28,806.58, leaving him with 754,798 shares (a 0.75% reduction); the trade was disclosed in an SEC filing.
- Townsquare declared a $0.20 quarterly dividend (annualized $0.80) with a yield of 15.7% and an ex-dividend date of Jan. 26, while the payout ratio stands at 77.67%.
- The stock trades around $5.10 with a market cap of about $84M and a P/E of 4.95; recent quarter met EPS estimates ($0.05) but the company shows a negative ROE (-47.95%), and analysts have a mixed view with an average rating of "Hold" and a $16.50 average price target.
Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 5,693 shares of the company's stock in a transaction on Monday, December 29th. The shares were sold at an average price of $5.06, for a total transaction of $28,806.58. Following the completion of the transaction, the chief operating officer owned 754,798 shares of the company's stock, valued at $3,819,277.88. This represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Townsquare Media Stock Performance
TSQ opened at $5.10 on Thursday. Townsquare Media, Inc. has a one year low of $4.30 and a one year high of $10.23. The stock has a market capitalization of $83.95 million, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. The business's 50-day simple moving average is $5.37 and its 200-day simple moving average is $6.50.
Townsquare Media (NYSE:TSQ - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $106.76 million during the quarter, compared to analysts' expectations of $107.96 million. Townsquare Media had a negative return on equity of 47.95% and a net margin of 4.27%. On average, equities research analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.
Townsquare Media Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 26th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date of this dividend is Monday, January 26th. Townsquare Media's payout ratio is presently 77.67%.
Analysts Set New Price Targets
A number of analysts recently weighed in on TSQ shares. Barrington Research decreased their price target on shares of Townsquare Media from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Monday, November 10th. Wall Street Zen downgraded shares of Townsquare Media from a "hold" rating to a "sell" rating in a research note on Friday, November 28th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Townsquare Media in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $16.50.
Read Our Latest Stock Analysis on TSQ
Institutional Trading of Townsquare Media
Several hedge funds have recently made changes to their positions in the company. Access Investment Management LLC acquired a new position in shares of Townsquare Media during the second quarter worth about $3,160,000. Truffle Hound Capital LLC purchased a new stake in Townsquare Media in the 2nd quarter valued at approximately $1,186,000. RBF Capital LLC increased its position in Townsquare Media by 862.7% during the 2nd quarter. RBF Capital LLC now owns 422,931 shares of the company's stock worth $3,345,000 after purchasing an additional 379,000 shares during the period. American Century Companies Inc. raised its stake in shares of Townsquare Media by 18.0% during the 2nd quarter. American Century Companies Inc. now owns 856,651 shares of the company's stock worth $6,776,000 after buying an additional 130,537 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Townsquare Media in the 1st quarter valued at approximately $86,000. Institutional investors and hedge funds own 71.69% of the company's stock.
About Townsquare Media
(
Get Free Report)
Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.
Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.
Further Reading
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