Townsquare Media, Inc. (TSQ) Earns Buy Rating from Royal Bank Of Canada
Townsquare Media, Inc. (NYSE:TSQ)‘s stock had its “buy” rating reissued by analysts at Royal Bank Of Canada in a report issued on Friday. They currently have a $12.00 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.17% from the stock’s current price.
A number of other equities research analysts have also recently commented on TSQ. Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Townsquare Media in a report on Tuesday, September 12th. Zacks Investment Research cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Bank of America Corporation cut shares of Townsquare Media from a “buy” rating to an “underperform” rating in a report on Friday, September 29th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Townsquare Media has a consensus rating of “Hold” and an average target price of $12.33.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $140.66 million during the quarter, compared to the consensus estimate of $141.49 million. Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%.
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Several hedge funds and other institutional investors have recently bought and sold shares of TSQ. Russell Investments Group Ltd. bought a new stake in shares of Townsquare Media during the 4th quarter worth $4,408,000. Emerald Acquisition Ltd. bought a new stake in shares of Townsquare Media during the 2nd quarter worth $3,139,000. Renaissance Technologies LLC lifted its holdings in shares of Townsquare Media by 582.1% during the 4th quarter. Renaissance Technologies LLC now owns 450,200 shares of the company’s stock worth $4,687,000 after acquiring an additional 384,200 shares during the last quarter. Boston Partners lifted its holdings in shares of Townsquare Media by 428.1% during the 2nd quarter. Boston Partners now owns 229,702 shares of the company’s stock worth $2,352,000 after acquiring an additional 186,202 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Townsquare Media by 132.3% during the 2nd quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock worth $2,172,000 after acquiring an additional 120,796 shares during the last quarter. 49.12% of the stock is owned by institutional investors.
Townsquare Media Company Profile
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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