Noble Financial Maintains a Buy Rating on Townsquare Media (TSQ)


In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on Townsquare Media (TSQ), with a price target of $10. The company’s shares closed yesterday at $6.13.

According to TipRanks.com, Kupinski ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.9% and a 40.3% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Tribune Publishing Co, and 1-800 Flowers.com.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Townsquare Media with a $9.88 average price target.

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The company has a one-year high of $9.79 and a one-year low of $3.95. Currently, Townsquare Media has an average volume of 57.7K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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