Townsquare MediaTSQ
Market Cap: $144M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
45% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 22
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
13% more call options, than puts
Call options by funds: $356K | Put options by funds: $316K
3% more funds holding
Funds holding: 77 [Q1] → 79 (+2) [Q2]
1% more capital invested
Capital invested by funds: $101M [Q1] → $102M (+$711K) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
23.02% less ownership
Funds ownership: 87.89% [Q1] → 64.87% (-23.02%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barrington Research James Goss 58% 1-year accuracy 40 / 69 met price target | 79%upside $17 | Outperform Maintained | 12 Aug 2024 |
Barrington Research James Goss 58% 1-year accuracy 40 / 69 met price target | 79%upside $17 | Outperform Maintained | 15 Jul 2024 |