Scott Schatz, Executive Vice President, Financial Operations and Technology, sold 131,929 shares of Townsquare Media, Inc. (NYSE:TSQ) stock on April 4, 2024, according to recent SEC filings. This transaction was part of a series of sales by insiders over the past year, with a total of 195,709 shares sold and no shares purchased.
Townsquare Media Inc is a media, entertainment and digital marketing solutions company that owns and operates radio stations, digital properties and live events primarily in small and medium-sized markets across the United States. The company is focused on creating and distributing original and motivating media experiences that connect communities with the content they love, the people they trust, and the products they want.
Townsquare Media Inc.'s insider trading history shows a pattern of insider selling, with 25 insider selling and zero insider buying over the past year.
In terms of valuation, on the day of the most recent insider sale, Townsquare Media Inc.'s stock was trading at $12.36, giving it a market cap of $199.12 million. The stock's price-to-GF value ratio is 1.09, indicating that the stock is slightly overvalued when compared to its GF value of $11.39.
GF Value is a proprietary intrinsic value estimate by GuruFocus and is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-sales ratio, price-to-free cash flow, and GuruFocus. An adjustment factor based on the company's past earnings and growth, as well as Morningstar analyst estimates of future performance.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
