Townsquare Media (NYSE:TSQ) Upgraded to Buy at StockNews.com

Townsquare Media (NYSE:TSQ) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a report on Thursday.

Townsquare Media Stock Performance

Shares of TSQ stock traded down $0.01 on Monday, hitting $9.98. The company had a trading volume of 37,277 shares, compared to its average volume of 51,545. The firm has a market cap of $153.52 million, a P/E ratio of -3.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.36. The company has a 50-day moving average price of $10.09 and a 200-day moving average price of $10.77. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media has a twelve month low of $8.90 and a twelve month high of $13.57.

Insider Activity

In other Townsquare Media news, Director Stephen A. Kaplan acquired 50,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the transaction, the director now owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Stephen A. Kaplan purchased 50,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were bought at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the purchase, the director now directly owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Erik Hellum sold 18,166 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the completion of the sale, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,585 shares of company stock worth $289,812 over the last ninety days. Corporate insiders own 30.50% of the company’s stock.

Institutional Trading of Townsquare Media

Hedge funds and other institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC purchased a new stake in shares of Townsquare Media in the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new position in Townsquare Media in the 2nd quarter valued at about $57,000. Virtu Financial LLC acquired a new position in Townsquare Media in the 1st quarter valued at about $124,000. Rhumbline Advisers increased its position in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new position in Townsquare Media in the 2nd quarter valued at about $232,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

About Townsquare Media

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.