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Townsquare Media (NYSE:TSQ – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.
TSQ has been the subject of a number of other reports. TheStreet lowered shares of Townsquare Media from a “c” rating to a “d” rating in a report on Friday, November 18th. Guggenheim lowered their price objective on shares of Townsquare Media to $14.00 in a report on Tuesday, November 15th.
Townsquare Media Trading Up 1.3 %
Shares of Townsquare Media stock traded up $0.09 during trading on Friday, reaching $7.29. 46,767 shares of the stock were exchanged, compared to its average volume of 34,005. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 8.31. The stock’s fifty day moving average is $7.62 and its 200 day moving average is $8.32. The firm has a market cap of $125.69 million, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.59 and a beta of 1.56. Townsquare Media has a 1 year low of $7.05 and a 1 year high of $13.70.
Institutional Trading of Townsquare Media
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its holdings in Townsquare Media by 0.9% in the first quarter. Acadian Asset Management LLC now owns 251,706 shares of the company’s stock worth $3,217,000 after buying an additional 2,203 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Townsquare Media by 1.1% in the third quarter. Hillsdale Investment Management Inc. now owns 200,871 shares of the company’s stock worth $1,458,000 after buying an additional 2,211 shares during the period. Bank of New York Mellon Corp lifted its holdings in Townsquare Media by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 64,071 shares of the company’s stock worth $820,000 after buying an additional 2,224 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Townsquare Media by 169.3% during the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock valued at $33,000 after purchasing an additional 2,890 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Townsquare Media by 11.6% during the first quarter. State Street Corp now owns 29,739 shares of the company’s stock valued at $380,000 after purchasing an additional 3,097 shares in the last quarter. 50.28% of the stock is currently owned by hedge funds and other institutional investors.
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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.
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