Townsquare Media, Inc. with ticker code (TSQ) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 23 and 10 calculating the mean target price we have $16.67. Given that the stocks previous close was at $8.50 and the analysts are correct then we can expect a percentage increase in value of 96.1%. The 50 day MA is $7.83 and the 200 day MA is $7.91. The company has a market capitalization of $148m. You can visit the company’s website by visiting: https://www.townsquaremedia.com
The potential market cap would be $290m based on the market consensus.
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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services. The Digital Advertising segment provides digital advertising on its owned and operated digital properties, and digital programmatic advertising platforms, as well as data analytics and management platform. The Broadcast Advertising segment engages in the sale of local radio stations to local, regional, and national spot advertisers, and national network advertisers. It also owns and operates live events, including concerts, expositions, and other experiential events; and operates local media under the WYRK.com, WJON.com, and NJ101.5.com brands, as well as national music under the XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com brands. The company was formerly known as Regent Communications, Inc. and changed its name to Townsquare Media, Inc. in May 2010. Townsquare Media, Inc. was incorporated in 1996 and is headquartered in Purchase, New York.
The company has a dividend yield of 2.21% with the ex dividend date set at 24-3-2023 (DMY).
Other points of data to note are a P/E ratio of 12.49, revenue per share of 27.25 and a 7.72% return on assets.
