Townsquare Media Director Purchases $1,111,800 in Stock (TSQ)
Townsquare Media (NYSE:TSQ) Director B James Ford purchased 102,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average price of $10.90 per share, with a total value of $1,111,800.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Townsquare Media (NYSE:TSQ) opened at 11.19 on Monday. Townsquare Media has a 52 week low of $9.93 and a 52 week high of $11.20. The stock’s 50-day moving average is $10.84 and its 200-day moving average is $10.84. The company has a market cap of $186.7 million and a price-to-earnings ratio of 42.49.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.43 earnings per share for the quarter.
A number of research firms have recently commented on TSQ. Analysts at RBC Capital initiated coverage on shares of Townsquare Media in a research note on Monday. They set an “outperform” rating and a $14.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating and a $17.00 price target on the stock.
Townsquare Media, LLC is an integrated and diversified media and entertainment company. The Company owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States, delivering to the communities it serves on a local level.
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