Shares of Townsquare Media, Inc. (NYSE:TSQ) have received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.50.

Several research firms recently commented on TSQ. Zacks Investment Research lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Jefferies Group LLC reiterated a “buy” rating and set a $13.00 price objective on shares of Townsquare Media in a research note on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $12.00 price objective on shares of Townsquare Media in a research note on Friday, October 13th. Bank of America Corporation lowered shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. Finally, Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a research note on Friday, August 11th.

Townsquare Media (NYSE TSQ) opened at 10.24 on Tuesday. The company has a 50-day moving average of $10.09 and a 200 day moving average of $10.48. Townsquare Media has a one year low of $8.12 and a one year high of $13.01. The company has a market cap of $189.21 million, a P/E ratio of 13.56 and a beta of 1.74.

Townsquare Media (NYSE:TSQ) last released its earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. The company had revenue of $140.66 million during the quarter, compared to analyst estimates of $141.49 million. Analysts anticipate that Townsquare Media will post $0.95 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in shares of Townsquare Media by 428.1% during the second quarter. Boston Partners now owns 229,702 shares of the company’s stock valued at $2,352,000 after acquiring an additional 186,202 shares during the period. Northern Trust Corp boosted its holdings in shares of Townsquare Media by 132.3% during the second quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after acquiring an additional 120,796 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Townsquare Media by 37.5% during the second quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock valued at $1,863,000 after acquiring an additional 49,602 shares during the period. Algert Global LLC boosted its holdings in shares of Townsquare Media by 24.8% during the second quarter. Algert Global LLC now owns 151,063 shares of the company’s stock valued at $1,547,000 after acquiring an additional 30,028 shares during the period. Finally, State Street Corp boosted its holdings in shares of Townsquare Media by 10.6% during the second quarter. State Street Corp now owns 141,635 shares of the company’s stock valued at $1,447,000 after acquiring an additional 13,570 shares during the period. 49.12% of the stock is owned by hedge funds and other institutional investors.

About Townsquare Media

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.

Analyst Recommendations for Townsquare Media (NYSE:TSQ)

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