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

Townsquare Media (NYSE:TSQ) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a report on Thursday.

Townsquare Media Stock Performance

Shares of NYSE TSQ traded down $0.01 during mid-day trading on Monday, reaching $9.98. 37,277 shares of the company’s stock were exchanged, compared to its average volume of 51,545. The firm has a market capitalization of $153.52 million, a price-to-earnings ratio of -3.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.36. Townsquare Media has a 52 week low of $8.90 and a 52 week high of $13.57. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $10.77.

Insider Activity at Townsquare Media

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Access Investment Management LLC grew its holdings in Townsquare Media by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock valued at $4,340,000 after buying an additional 2,140 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of 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. Boyar Asset Management Inc. increased its holdings in shares of Townsquare Media by 8.7% in the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after acquiring an additional 3,150 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Townsquare Media by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after acquiring an additional 3,469 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in Townsquare Media during the 3rd quarter worth $39,000. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

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.