Townsquare Media (NYSE:TSQ) Given New $12.00 Price Target at Barrington Research

Townsquare Media (NYSE:TSQ - Get Free Report) had its price target lowered by investment analysts at Barrington Research from $13.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Barrington Research's price target would suggest a potential upside of 121.40% from the stock's previous close.Analysts Think These Stocks Could More Than DoubleSeparately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Townsquare Media in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.50.Get Townsquare Media alerts:Check Out Our Latest Analysis on Townsquare MediaTownsquare Media Stock PerformanceTop Dividend Stocks Analysts Recommend for 2025Townsquare Media stock traded down $0.69 during midday trading on Monday, reaching $5.42. The stock had a trading volume of 172,565 shares, compared to its average volume of 78,437. The stock's 50-day simple moving average is $6.63 and its 200 day simple moving average is $7.00. Townsquare Media has a twelve month low of $5.27 and a twelve month high of $10.50. The stock has a market capitalization of $89.13 million, a PE ratio of 2.68, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. Insiders Place Their BetsIn related news, Director Stephen A. Kaplan bought 10,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $6.92 per share, for a total transaction of $69,200.00. Following the completion of the purchase, the director directly owned 208,618 shares in the company, valued at approximately $1,443,636.56. The trade was a 5.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.50% of the stock is currently owned by insiders. Hedge Funds Weigh In On Townsquare MediaSeveral hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Townsquare Media in the 2nd quarter valued at approximately $33,000. Hsbc Holdings PLC bought a new position in shares of Townsquare Media in the first quarter worth $86,000. Occudo Quantitative Strategies LP acquired a new position in shares of Townsquare Media during the second quarter valued at $101,000. Ancora Advisors LLC acquired a new position in shares of Townsquare Media during the first quarter valued at $122,000. Finally, Nuveen LLC bought a new stake in shares of Townsquare Media during the first quarter valued at about $138,000. 71.69% of the stock is currently owned by institutional investors and hedge funds. Townsquare Media Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Townsquare MediaAirline Stocks - Top Airline Stocks to Buy NowShares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsWhat is the Hang Seng index? Nuclear Stocks Are Melting Down—Should Investors Panic?Insider Selling Explained: Can it Inform Your Investing Choices?Monday.com Opens Generational Opportunity With Manic Sell-OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Townsquare Media Right Now?Before you consider Townsquare Media, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Townsquare Media wasn't on the list.While Townsquare Media currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here