.jpg "Townsquare Media (NYSE: TSQ)")
Today, the Co- CEO of Townsquare Media (NYSE: TSQ), Dhruv Prasad, bought shares of TSQ for $30.95K.
This recent transaction increases Dhruv Prasad’s holding in the company by 100% to a total of $30.75K.
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Based on Townsquare Media’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $94.23 million and GAAP net loss of $26.83 million. In comparison, last year the company earned revenue of $88.42 million and had a GAAP net loss of $3.05 million. Currently, Townsquare Media has an average volume of 70.79K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $10.00, reflecting a -38.9% downside. Six different firms, including Barrington and Guggenheim, currently also have a Buy rating on the stock. Starting in May 2018, TSQ received 6 Buy ratings in a row.
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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.
