Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $24,278.24 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 2,968 shares of Townsquare Media stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.18, for a total transaction of $24,278.24. Following the completion of the transaction, the executive vice president now directly owns 234,933 shares in the company, valued at $1,921,751.94. This represents a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Claire Marie Yenicay also recently made the following trade(s):

• On Monday, December 30th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The stock was sold at an average price of $9.22, for a total value of $46,100.00.

Townsquare Media Stock Performance

TSQ stock traded down $0.05 during midday trading on Thursday, reaching $8.32. The stock had a trading volume of 49,375 shares, compared to its average volume of 56,739. The firm has a fifty day simple moving average of $8.62 and a two-hundred day simple moving average of $9.47. The stock has a market cap of $134.03 million, a PE ratio of -3.07, a P/E/G ratio of 0.58 and a beta of 1.33. Townsquare Media, Inc. has a 52-week low of $7.56 and a 52-week high of $13.57.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Monday, March 17th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The firm had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.41 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, sell-side analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.62%. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio (DPR) is -69.57%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSQ shares. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Thursday. Noble Financial reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Townsquare Media in a research report on Friday, January 24th. Finally, Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Townsquare Media in a research report on Tuesday, March 18th.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently added to or reduced their stakes in TSQ. Barclays PLC lifted its holdings in shares of Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after buying an additional 14,109 shares during the period. State Street Corp raised its position in Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after acquiring an additional 6,800 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after acquiring an additional 1,151 shares during the period. BNP Paribas Financial Markets boosted its position in Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Townsquare Media by 5.2% during the 4th quarter. Empowered Funds LLC now owns 56,634 shares of the company’s stock worth $515,000 after purchasing an additional 2,804 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.

About Townsquare Media

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.