Townsquare Media (NYSE:TSQ) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Townsquare Media, Inc. (NYSE:TSQ) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.59 and traded as high as $6.85. Townsquare Media shares last traded at $6.79, with a volume of 162,477 shares.

Analyst Ratings Changes

TSQ has been the topic of several recent research reports. Wall Street Zen cut shares of Townsquare Media from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Barrington Research decreased their target price on shares of Townsquare Media from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Townsquare Media in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Townsquare Media Stock Up 2.4%

The firm has a market capitalization of $111.76 million, a price-to-earnings ratio of 6.59, a PEG ratio of 0.88 and a beta of 0.99. The business’s 50-day simple moving average is $5.59 and its two-hundred day simple moving average is $6.13.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $106.76 million for the quarter, compared to analyst estimates of $107.96 million. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. Sell-side analysts anticipate that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Insider Transactions at Townsquare Media

In other Townsquare Media news, COO Erik Hellum sold 6,522 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $5.57, for a total transaction of $36,327.54. Following the transaction, the chief operating officer directly owned 969,648 shares in the company, valued at $5,400,939.36. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 19,652 shares of company stock valued at $106,335 over the last 90 days. 29.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Townsquare Media

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Townsquare Media by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 153,075 shares of the company’s stock worth $787,000 after acquiring an additional 8,177 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Townsquare Media by 5.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 372,218 shares of the company’s stock worth $1,913,000 after purchasing an additional 19,871 shares during the period. Gabelli Funds LLC lifted its position in shares of Townsquare Media by 5.2% during the fourth quarter. Gabelli Funds LLC now owns 61,000 shares of the company’s stock worth $314,000 after purchasing an additional 3,000 shares in the last quarter. Daytona Street Capital LLC purchased a new position in shares of Townsquare Media in the fourth quarter valued at approximately $283,000. Finally, Crews Bank & Trust acquired a new position in shares of Townsquare Media in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.