Townsquare Media, Inc. (NYSE: TSQ – Receive Rating) – Investment analysts at Barrington Research slashed their FY 2022 earnings estimates for shares of Townsquare Media in a report issued on Monday, November 14. Barrington Research analyst J. Goss now expects the company to earn $1.02 per share for the year, down from his prior forecast of $2.10. The consensus estimate for Townsquare Media’s current full year earnings per share is $1.02. Barrington Research also issued estimates for Q1 2023 earnings of $0.25 EPS, $0.66 EPS for Q2 2023 and $0.50 EPS for Q4 2023.
TSQ has been the subject of several other research reports. Guggenheim cut its target price on Townsquare Media to $14.00 in a research note on Tuesday. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Wednesday.
TownSquare Media Trading down 1.3%
The NYSE TSQ opened at $7.70 on Thursday. The company’s current ratio is 1.54, quick ratio is 1.54 and debt-to-equity ratio is 8.31. TownSquare Media’s 1-Year Low is $7.14 and 1-Year High is $13.70. The firm’s fifty-day simple moving average is $7.73 and its 200-day simple moving average is $8.63. The company has a market capitalization of $131.34 million, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.65, and a beta of 1.55.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of TSQ. American Century Companies Inc. raised its stake in Townsquare Media shares to 8.0% in the first quarter. American Century Companies Inc., after buying an additional 70,784 shares during the last quarter. holds 951,531 shares of the company’s stock valued at $12,170,000. Beck Mack & Oliver LLC boosted its position in shares of Townsquare Media to 23.1% in the third quarter. Beck Mack & Oliver LLC now owns 604,168 shares of the company’s stock worth $4,386,000 after buying an additional 113,393 shares during the last quarter. Dimensional Fund Advisors LP increased shares of Townsquare Media by 1.2% in the third quarter. Dimensional Fund Advisors LP now holds 536,140 shares of the company valued at $3,892,000 after buying an additional 6,590 shares during the last quarter. Gamco Investors Inc. ET AL raised its stake in Townsquare Media shares to 7.8% during the third quarter. Gamco Investors Inc. ET AL now holds 336,979 shares of the company’s stock valued at $2,446,000 after acquiring an additional 24,379 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Townsquare Media by 0.9% during the first quarter. Acadian Asset Management LLC now owns 251,706 shares of the company’s stock valued at $3,217,000, after acquiring an additional 2,203 shares during the last quarter. Institutional investors and hedge funds hold 50.28% of the company’s stock.
Townsquare Media Company Profile
TownSquare Media, Inc. serves as a digital media and marketing solutions company serving small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. Subscription Digital Marketing Solutions segment offers a variety of digital marketing solutions including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payments and invoicing, customer management, email marketing . Website retargeting services, as well as traditional and mobile-enabled website design, building and development services.
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