In a report released today, Michael Kupinski from Noble Financial maintained a Buy rating on Townsquare Media (TSQ – Research Report), with a price target of $23.00. The company’s shares closed last Friday at $10.57.
According to TipRanks, Kupinski is a 5-star analyst with an average return of 14.0% and a 39.72% success rate. Kupinski covers the Communication Services sector, focusing on stocks such as Salem Communications, Cumulus Media, and E. W. Scripps Company Class A.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Townsquare Media with a $20.00 average price target, representing an 89.21% upside. In a report released on March 15, Barrington also reiterated a Buy rating on the stock with a $17.00 price target.
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TSQ market cap is currently $174M and has a P/E ratio of -3.85.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSQ in relation to earlier this year. Most recently, in December 2023, Erik Hellum, the COO of TSQ sold 37,282.00 shares for a total of $408,312.54.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Townsquare Media (TSQ) Company Description:
Townsquare Media, Inc. is a local media and entertainment and digital marketing services company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content. The company operates through the following segments: Local Marketing Solutions and Entertainment. The Local Marketing Solution segment provides broadcast and digital products & solutions to advertisers and businesses within local markets. The Entertainment segment includes live event experiences, music and lifestyle content directly to consumers, promotion, advertising and product activations to local & national advertisers. The company was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein on February 26, 2010 and is headquartered in New york.
Read More on TSQ:
- Townsquare Media raises quarterly dividend 5.3% to 19.75c per share
- Townsquare Announces Fourth Quarter and Full Year 2023 Results Announces Increase in Dividend
- Townsquare Media sees FY24 revenue $440M-$460M, consensus $465.2M
- Townsquare Media sees Q1 revenue $98.5M-$100M, consensus $103.02M
- Townsquare Media reports Q4 adjusted EPS 34c, consensus 27c
