Townsquare Media Reaches New 52-Week High at $11.42 (TSQ)
Townsquare Media (NYSE:TSQ) reached a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $11.42 and last traded at $11.30, with a volume of 19,534 shares. The stock had previously closed at $11.26.
A number of research firms have recently commented on TSQ. Analysts at Guggenheim initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating and a $14.00 price target on the stock. Separately, 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. Finally, analysts at Bank of America initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating and a $15.00 price target on the stock.
The stock has a 50-day moving average of $10.86 and a 200-day moving average of $10.86. The company has a market cap of $188.7 million and a price-to-earnings ratio of 43.81.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, August 7th. The company reported $0.43 earnings per share for the quarter. On average, analysts predict that Townsquare Media will post $-1.03 earnings per share for the current fiscal year.
In other Townsquare Media news, Director B James Ford acquired 102,000 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average price of $10.90 per share, for a total transaction of $1,111,800.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
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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