Key Points
- Scott Schatz, Townsquare's EVP, sold 28,980 shares on March 19 at an average price of $5.08 (≈$147,218), cutting his position by 18.95% to 123,977 shares.
- Townsquare declared a quarterly dividend of $0.20 (annualized $0.80), implying a 15.7% yield with an ex-dividend date of April 27, despite a negative payout ratio (-112.68%).
- The company missed quarterly EPS estimates ($0.05 vs. $0.11), delivered revenue roughly in line, and carries mixed analyst views with a consensus "Hold" and an average target of $15.50.
Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) EVP Scott Schatz sold 28,980 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $5.08, for a total value of $147,218.40. Following the completion of the transaction, the executive vice president owned 123,977 shares in the company, valued at approximately $629,803.16. This trade represents a 18.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Scott Schatz also recently made the following trade(s):
- On Monday, February 2nd, Scott Schatz purchased 980 shares of Townsquare Media stock. The shares were purchased at an average price of $6.61 per share, with a total value of $6,477.80.
Townsquare Media Stock Performance
NYSE TSQ opened at $5.08 on Friday. The business has a fifty day moving average price of $6.55 and a 200 day moving average price of $6.12. The company has a market cap of $83.62 million, a P/E ratio of -7.15, a P/E/G ratio of 1.08 and a beta of 0.96. Townsquare Media, Inc. has a one year low of $4.30 and a one year high of $9.31.
Townsquare Media (NYSE:TSQ - Get Free Report) last announced its earnings results on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). Townsquare Media had a negative return on equity of 13.74% and a negative net margin of 2.58%.The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $106.40 million. As a group, sell-side analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.
Townsquare Media Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Monday, April 27th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, April 27th. This represents a $0.80 dividend on an annualized basis and a yield of 15.7%. Townsquare Media's payout ratio is presently -112.68%.
Analysts Set New Price Targets
A number of research analysts have weighed in on TSQ shares. Barrington Research decreased their target price on shares of Townsquare Media from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday. Weiss Ratings restated a "sell (d)" rating on shares of Townsquare Media in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded Townsquare Media from a "hold" rating to a "sell" rating in a research report on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.50.
Read Our Latest Stock Report on TSQ
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in TSQ. Beck Mack & Oliver LLC increased its stake in Townsquare Media by 8.6% during the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,600 shares of the company's stock worth $5,518,000 after acquiring an additional 85,000 shares during the last quarter. American Century Companies Inc. increased its position 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 purchasing an additional 130,537 shares during the last quarter. RBF Capital LLC raised its holdings in Townsquare Media by 862.7% in the 2nd quarter. RBF Capital LLC now owns 422,931 shares of the company's stock valued at $3,345,000 after buying an additional 379,000 shares during the period. Gamco Investors INC. ET AL raised its holdings in Townsquare Media by 2.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 383,107 shares of the company's stock valued at $3,030,000 after buying an additional 9,075 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Townsquare Media by 52.7% in the first quarter. Goldman Sachs Group Inc. now owns 271,693 shares of the company's stock valued at $2,212,000 after buying an additional 93,753 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.
Townsquare Media Company Profile
(
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.
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