Townsquare Media
TSQ

$12.03

0.5%

Market Cap: 182M

About: Townsquare Media Inc is a radio, digital media, entertainment, and digital marketing solutions company principally focused on being the premier local advertising and marketing solutions platform in small and mid-sized markets across the United States. It has three segments which are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. It earns the majority of the revenue from the Broadcasting Advertising segment, which includes its local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast. Its portfolio includes local media brands such as WYRK.com, WJON.com, and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com.

Employees: 2,159

Communication Services Radio Broadcasting Stations

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 9 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2,500% more call options, than puts

Call options by funds: $26K | Put options by funds: $1K

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

6% more funds holding

Funds holding: 72 [Q4 2023] → 76 (+4) [Q1 2024]

3% more capital invested

Capital invested by funds: $97.4M [Q4 2023] → $100M (+$2.75M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.87% less ownership

Funds ownership: 87.99% [Q4 2023] → 87.12% (-0.87%) [Q1 2024]

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$12.50

4%

upside

Avg. target

$17.39

45%

upside

High target

$21

75%

upside

9 analyst ratings

9 positive

100%

0 neutral

0%

0 negative

0%

Barrington Research James Goss	41%upside $17	Outperform Maintained	15 Jul 2024
Barrington Research James Goss	41%upside $17	Outperform Maintained	28 May 2024
Barrington Research James Goss	41%upside $17	Outperform Maintained	10 May 2024
Barrington Research James Goss	41%upside $17	Outperform Maintained	9 May 2024
Barrington Research James Goss	41%upside $17	Outperform Maintained	2 Apr 2024

See Analyst Rankings

Financial journalist opinion

Townsquare Announces Conference Call to Discuss Second Quarter 2024 Results

PURCHASE, N.Y., July 11, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. The Company will host a conference call to discuss certain second quarter 2024 financial results on Wednesday, August 7, 2024 at 8:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss Second Quarter 2024 Results

Townsquare Announces Participation in Upcoming Investor Conference

PURCHASE, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare,” or the “Company”) announced today their participation at Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on Wednesday, June 26th. The presentation will be held at 11:00 AM Eastern Time and will feature a fireside style Q&A session with questions welcome from the live virtual audience. Scheduled 1x1 meetings with Bill Wilson, Chief Executive Officer, Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations are also available for registered, qualified investor attendees.

Townsquare Announces Participation in Upcoming Investor Conference

Dividend Diamonds in the Rough: 7 Overlooked Stocks With Huge Payout Potential

Instead of buying popular stocks with high dividend yields, you may want to take a look at some of the overlooked dividend stocks instead. With these more under-the-radar plays, there may be greater potential with these stocks compared to the more widely-followed high-yield dividend stocks.

Dividend Diamonds in the Rough: 7 Overlooked Stocks With Huge Payout Potential

Townsquare Media, Inc. (TSQ) Q1 2024 Earnings Call Transcript

Townsquare Media, Inc. (NYSE:TSQ ) Q1 2024 Results Conference Call May 9, 2024 8:00 AM ET Company Participants Claire Yenicay - EVP of Investor Relations & Corporate Communications Bill Wilson - Chief Executive Officer & Director Stuart Rosenstein - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets Jim Goss - Barrington Research Operator Good morning, and welcome to Townsquare Media's First Quarter 2024 Conference Call. [Operator Instructions].

Townsquare Media, Inc. (TSQ) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Townsquare Media (TSQ) Misses Q1 Earnings Estimates

Townsquare Media (TSQ) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.08 per share a year ago.

Townsquare Media (TSQ) Misses Q1 Earnings Estimates

Townsquare Announces First Quarter Results That Demonstrate Improvement Across All Business Segments; Townsquare Interactive Returns to Subscriber Growth and Month-Over-Month Revenue Growth in March and April

Digital Represents 53% of First Quarter Total Net Revenue and Adjusted Operating Income Digital Represents 53% of First Quarter Total Net Revenue and Adjusted Operating Income

Townsquare Announces First Quarter Results That Demonstrate Improvement Across All Business Segments; Townsquare Interactive Returns to Subscriber Growth and Month-Over-Month Revenue Growth in March and April

Townsquare Announces Purchase of Management Options That Were Expiring Shortly, Thereby Avoiding Shareholder Dilution

PURCHASE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (the “Company” or “Townsquare”) announced that that it bought and retired 3.0 million options held by certain members of the management team and board of directors for a net purchase price of $3.62 per option. The purchase price reflects the spread between the closing price on April 3, 2024 of $12.36 and the option strike price of $8.74. The options, all of which were set to expire in July 2024, were granted to members of management and the board at the Company's initial public offering in July 2014 (the “IPO options”). This transaction follows last week's repurchase of 1.5 million shares from MSG at $9.76 per share, the June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and the March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. Like last week's 1.5 million share repurchase from MSG, the purchase price of $10.8 million will be funded entirely with cash on hand.

Townsquare Announces Purchase of Management Options That Were Expiring Shortly, Thereby Avoiding Shareholder Dilution

Townsquare Announces Conference Call to Discuss First Quarter 2024 Results

PURCHASE, N.Y., April 03, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. The Company will host a conference call to discuss certain first quarter 2024 financial results on Thursday, May 9, 2024 at 8:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss First Quarter 2024 Results

Townsquare Announces Repurchase of Just Under 10% of Outstanding Shares Reaffirms Q1'24 and FY'24 Guidance

PURCHASE, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (the “Company” or “Townsquare”) announced that today we are repurchasing and retiring 1.5 million shares of Class A common stock held by MSG National Properties, LLC (“MSG”), for $9.76 per share. The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024. This transaction follows Townsquare's June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. The purchase price of $14.6 million was funded entirely with cash on hand. In 2023, Townsquare's Cash Flow from Operations increased 35% year-over-year to $68 million, or approximately $4.07 per basic share based on shares outstanding as of March 28, 2024. Pro forma for this transaction, Cash Flow from Operations per basic share increased to approximately $4.47, representing accretion of approximately 10%. Following the transaction, the Company has 15.2 million shares outstanding.

Townsquare Announces Repurchase of Just Under 10% of Outstanding Shares Reaffirms Q1'24 and FY'24 Guidance

Townsquare Media, Inc. (TSQ) Q4 2023 Earnings Call Transcript

Townsquare Media, Inc. (TSQ) Q4 2023 Earnings Call Transcript

Townsquare Media, Inc. (TSQ) Q4 2023 Earnings Call Transcript

See News Rankings