Townsquare Media (NYSE:TSQ) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Townsquare Media, Inc. (NYSE:TSQ) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.47 and traded as low as $9.95. Townsquare Media shares last traded at $10.16, with a volume of 44,110 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TSQ shares. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a report on Thursday, November 7th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Townsquare Media Stock Up 1.1 %

The firm has a market capitalization of $158.14 million, a price-to-earnings ratio of -3.75, a PEG ratio of 0.79 and a beta of 1.32. The business’s fifty day moving average price is $10.10 and its 200 day moving average price is $10.46. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be issued a $0.1975 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.77%. Townsquare Media’s payout ratio is -29.15%.

Insider Buying and Selling

In other Townsquare Media news, major shareholder Msd Capital L. P sold 5,139 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.03, for a total transaction of $51,544.17. Following the completion of the transaction, the insider now owns 1,452,549 shares in the company, valued at approximately $14,569,066.47. This represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen A. Kaplan bought 50,000 shares of the stock in a transaction dated Friday, September 20th. The stock was purchased at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the acquisition, the director now owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. This represents a 56.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 79,866 shares of company stock valued at $809,750 over the last quarter. 30.50% of the stock is currently owned by insiders.

Institutional Trading of Townsquare Media

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Townsquare Media by 2.0% in the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock worth $6,627,000 after acquiring an additional 12,073 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Townsquare Media by 19.8% in the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock valued at $371,000 after purchasing an additional 5,600 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Townsquare Media in the second quarter valued at about $57,000. Finally, Renaissance Technologies LLC boosted its holdings in Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after buying an additional 17,900 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

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.