Townsquare Media Inc (TSQ) is Downgraded by Macquarie to Neutral

Townsquare Media Inc (TSQ) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on May 23, 2016.

Townsquare Media Inc opened for trading at $8.21 and hit $8.75 on the upside on Friday, eventually ending the session at $8.66, with a gain of 5.87% or 0.48 points. The heightened volatility saw the trading volume jump to 90,345 shares. Company has a market cap of $90,739 M.

In a different news, on Sep 8, 2015, Bill Wilson (EVP and Chief Content Officer) purchased 1,000 shares at $11.25 per share price. According to the SEC, on Sep 2, 2015, Stuart B Rosenstein (CFO) purchased 5,500 shares at $11.39 per share price. On Aug 26, 2015, Steven Price (CEO) purchased 10,000 shares at $11.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Townsquare Media Inc. is an integrated and diversified media and entertainment and digital marketing services company. The Company owns and operates market leading radio stations digital and social properties and live events in markets across the United States. The Company’s operational segments include Local Advertising Live Events and Other Media and Entertainment. The Company’s Local Advertising segment is composed owned and operated radio stations and owned and operated local Websites. Its Live Events segment is composed of a range of live events which it creates promotes and produces including music concerts multi-day music festivals consumer expositions and trade shows athletic events lifestyle events and other forms of entertainment. The Company’s Other Media and Entertainment business is primarily composed of its digital marketing services offering national digital assets and e-commerce offering.

Townsquare Media Inc

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