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Robert L. Worshek, the Senior Vice President and Chief Accounting Officer at Townsquare Media, Inc. (NYSE:TSQ), recently sold a portion of his holdings in the company. According to InvestingPro data, while this insider sale occurred, the company offers an attractive 10% dividend yield and management has been actively buying back shares. According to a recent SEC filing, Worshek sold 16,721 shares of Townsquare Media’s Class A Common Stock on March 21, 2025. The shares were sold at a weighted average price of $7.89, resulting in a total transaction value of approximately $131,928.
Following this transaction, Worshek retains ownership of 52,696 shares of Townsquare Media’s stock. These shares are fully vested and not subject to any transfer restrictions. The sales were executed in multiple transactions, with prices ranging from $7.86 to $7.97 per share.
In other recent news, Townsquare Media LLC reported its fourth-quarter 2024 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.60, surpassing the projected $0.57. The company’s revenue for the quarter was $117.8 million, slightly below the anticipated $118.05 million. Despite the minor revenue miss, Townsquare Media demonstrated resilience with significant growth in digital advertising, which now accounts for 52% of its total net revenue. The company also successfully refinanced $490 million in debt, extending maturities until 2030. Additionally, Townsquare Media’s adjusted EBITDA for the fourth quarter increased by 25.8% year-over-year to $31.2 million, indicating strong operational performance. The company forecasts its Q1 2025 net revenue to be between $98 million and $100 million and expects full-year 2025 revenue to range from $435 million to $455 million. Analyst firms have noted Townsquare’s strategic focus on digital platforms and operational efficiency as key strengths. Investors remain optimistic about Townsquare Media’s strategic direction and digital growth, as reflected in recent trading activities.
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