Townsquare Media (NYSE:TSQ) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Townsquare Media, Inc. (NYSE:TSQ) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.08 and traded as low as $8.98. Townsquare Media shares last traded at $9.06, with a volume of 25,278 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Noble Financial reiterated an “outperform” rating and issued a $21.00 price objective on shares of Townsquare Media in a research report on Friday, January 24th. Barrington Research reiterated an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research report on Thursday, November 7th. Finally, StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Townsquare Media Stock Performance

The company has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $10.08. The company has a market capitalization of $140.92 million, a PE ratio of -3.34, a price-to-earnings-growth ratio of 0.57 and a beta of 1.31.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The firm had revenue of $115.31 million during the quarter, compared to the consensus estimate of $115.48 million. During the same period in the prior year, the company earned $0.46 EPS. As a group, equities research analysts anticipate that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Insider Activity at Townsquare Media

In related news, major shareholder Msd Capital L. P sold 6,257 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $10.01, for a total value of $62,632.57. Following the transaction, the insider now directly owns 1,506,641 shares in the company, valued at approximately $15,081,476.41. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott Schatz sold 4,594 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $9.65, for a total value of $44,332.10. Following the completion of the transaction, the executive vice president now owns 31,366 shares of the company’s stock, valued at $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,214 shares of company stock valued at $679,106. Corporate insiders own 30.50% of the company’s stock.

Institutional Trading of Townsquare Media

Institutional investors and hedge funds have recently bought and sold shares of the stock. Copeland Capital Management LLC acquired a new stake in shares of Townsquare Media during the third quarter valued at about $39,000. BNP Paribas Financial Markets boosted its position in shares of Townsquare Media by 28.9% during 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 during the period. Krilogy Financial LLC increased its holdings in Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after purchasing an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Townsquare Media by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,730 shares of the company’s stock valued at $370,000 after purchasing an additional 3,319 shares during the period. Finally, Barclays PLC lifted its stake in Townsquare Media by 59.8% during the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares in the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Townsquare Media Company Profile

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.