Jefferies Maintains Townsquare Media Inc to Buy with Price Target $10.00

Brokerage firm Jefferies Maintains its rating on Townsquare Media Inc(NYSE:TSQ). In a research note issued to the investors, the brokerage major Lowers the price-target to $10.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 5, 2016.

Townsquare Media Inc (TSQ) made into the market gainers list on Wednesdays trading session with the shares advancing 15.44% or 1.3 points. Due to strong positive momentum, the stock ended at $9.72, which is also near the day’s high of $9.77. The stock began the session at $8.65 and the volume stood at 1,55,262 shares. The 52-week high of the shares is $13.01 and the 52 week low is $7.3. The company has a current market capitalization of $179 M and it has 1,83,94,515 shares in outstanding.

Townsquare Media Inc(TSQ) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $137.16M. Analysts had an estimated revenue of $140.25M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2015, Bill Wilson (EVP and Chief Content Officer) purchased 1,000 shares at $11.25 per share price.Also, On Sep 2, 2015, Stuart B Rosenstein (CFO) purchased 5,500 shares at $11.39 per share price.On Aug 26, 2015, Steven Price (CEO) purchased 10,000 shares at $11.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Townsquare Media Inc. is an integrated and diversified media and entertainment and digital marketing services company. The Company owns and operates market leading radio stations digital and social properties and live events in markets across the United States. The Company’s operational segments include Local Advertising Live Events and Other Media and Entertainment. The Company’s Local Advertising segment is composed owned and operated radio stations and owned and operated local Websites. Its Live Events segment is composed of a range of live events which it creates promotes and produces including music concerts multi-day music festivals consumer expositions and trade shows athletic events lifestyle events and other forms of entertainment. The Company’s Other Media and Entertainment business is primarily composed of its digital marketing services offering national digital assets and e-commerce offering.

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