Insider Sell: COO Erik Hellum Sells 18,514 Shares of Townsquare Media Inc (TSQ)
Townsquare Media Inc (NYSE:TSQ), a company specializing in creating and distributing original entertainment, music, and lifestyle content, has reported an insider sell according to a recent SEC filing. COO of Local Media Erik Hellum sold 18,514 shares of the company on March 22, 2024.The transaction was executed at an average price of $10.91 per share, resulting in a total sale amount of $201,948.74. Following the sale, Erik Hellum's stake in Townsquare Media Inc has decreased, reflecting a change in the insider's position within the company.Over the past year, Erik Hellum has sold a total of 124,188 shares of Townsquare Media Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 15 insider sells and no insider buys occurring over the same timeframe.
On the valuation front, shares of Townsquare Media Inc were trading at $10.91 on the day of the insider's recent sale, giving the company a market capitalization of $200.079 million. The stock's price-to-GF-Value ratio stands at 0.96, indicating that it is Fairly Valued according to the GF Value metric.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also includes a GuruFocus adjustment factor based on the company's historical returns and growth, as well as future business performance estimates provided by Morningstar analysts.The insider's recent sell transaction provides investors with up-to-date information on insider sentiment and may be a factor to consider in their investment decisions regarding Townsquare Media Inc (NYSE:TSQ).
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.
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