On September 20, 2024, Stephen Kaplan, a Director at Townsquare Media Inc (TSQ, Financial), purchased 50,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 137,808 shares of Townsquare Media Inc.
Townsquare Media Inc operates as a media, entertainment, and digital marketing solutions company primarily in small and mid-sized markets across the United States. The company owns and operates radio stations, digital and social media, live events, and digital commerce properties.
The purchase occurred at a stock price of $10.41, valuing the transaction at approximately $520,500. This acquisition has increased the insider's stake in the company significantly.
Over the past year, Stephen Kaplan has been actively buying shares, with a total acquisition of 50,000 shares and no recorded sales. This latest purchase aligns with a broader pattern of insider activity at Townsquare Media Inc, which has seen 1 insider buy and 20 insider sells over the past year.
Shares of Townsquare Media Inc are currently trading at $10.41, giving the company a market cap of $158.403 million. According to the GF Value, the stock is modestly undervalued with a price-to-GF-Value ratio of 0.91, suggesting potential for growth.
The GF Value is determined by considering historical valuation multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider purchase could signal a strong belief in the company's future prospects or undervaluation, which might be of interest to investors looking for opportunities in the media and digital marketing sectors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
