Barrington Remains a Buy on Townsquare Media

In a report released today, James Goss from Barrington maintained a Buy rating on Townsquare Media (NYSE: TSQ), with a price target of $10. The company’s shares opened today at $7.03, close to its 52-week low of $6.28.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.7% and a 61.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.

Currently, the analyst consensus on Townsquare Media is Strong Buy and the average price target is $9.75, representing a 38.8% upside.

In a report issued on May 9, Noble Financial also assigned a Buy rating to the stock.

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Based on Townsquare Media’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $26.83 million. In comparison, last year the company had a GAAP net loss of $3.05 million.

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Townsquare Media, Inc. is a local media and entertainment and digital marketing services company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content.