Townsquare Media (NYSE: TSQ – Get a score) was downgraded by research analysts at TheStreet from a “c” rating to a “d” rating in a report issued on Friday. TheStreetRatingsTable reports
Several other analysts also recently weighed in on TSQ. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Guggenheim cut their target price on shares of Townsquare Media to $14.00 in a report on Tuesday, November 15th.
Townsquare Media Stock Performance
Townsquare Media stock opened at $7.63 on Friday. The company’s 50-day moving average price is $7.72 and its 200-day moving average price is $8.58. Townsquare Media has a twelve month low of $7.14 and a twelve month high of $13.70. The company has a quick ratio of 1.54, a current ratio of 1.54, and a debt-to-equity ratio of 8.31. The company has a market cap of $131.54 million, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.63 and a beta of 1.55.
Hedge funds influence Townsquare media
Several hedge funds have recently added to or reduced their stakes in TSQ. Tower Research Capital LLC TRC boosted its holdings in Townsquare Media by 169.3% during the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock valued at $33,000 after buying an additional 2,890 shares during the last quarter. Group One Trading LP bought a new stake in Townsquare Media during the first quarter valued at about $40,000. Marshall Wace LLP bought a new stake in Townsquare Media during the third quarter valued at about $79,000. Janney Montgomery Scott LLC boosted its position in Townsquare Media by 38.2% during the third quarter. Janney Montgomery Scott LLC now owns 18,417 shares of the company’s stock valued at $134,000 after buying an additional 5,088 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Townsquare Media during the first quarter valued at about $135,000. Currently, 50.28% of the shares are owned by institutional investors.
Townsquare Media Company Profile
Townsquare Media, Inc operates as a digital media and marketing solutions company for small and medium businesses. It operates through three segments: subscription digital marketing solutions, digital advertising and broadcast advertising. Subscription Digital Marketing Solutions segment offers various digital marketing solutions such as hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, scheduling appointment, payment and invoicing, customer management, email marketing and website retargeting services, as well as traditional website design, creation and development services and mobile capabilities.
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