Barrington analyst James Goss maintained a Buy rating on Townsquare Media (TSQ) today and set a price target of $11. The company’s shares opened today at $5.27.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 9.0% and a 55.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Townsquare Media with a $11.50 average price target.
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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 $6.68 million. In comparison, last year the company had a net profit of $1.34 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.
