Dividend suspended as digital growth offsets broadcast weakness.
TSQ TOWNSQUARE MEDIA, INC.
XNYS
2.28
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TSQ
$2.28
—
What changed
Recent filings, trades and movesKey stats
$2.28
- 52-Week Range
- $1.75 – $7.97
- YTD
- -55.22%
- IV Rank (30D)
- 31.58
- Straddle Price
- $1.00
- P/C Vol Ratio
- 0.23
- Market Cap
- $0.0B
- Open
- $1.85
- Day Range
- $1.75 – $1.94
- Volume
- 145,988
- Prev Close
- $1.85
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 1.05 |
| Cost of Equity (CAPM) | 10.66% (VRP-adj) |
| WACC | 5.59% |
| Volatility Risk Premium | +315.0pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +4.2% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.04 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | 55.6% |
| Book / Price | -254.5% |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | 2.8% |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +4.5% (reverse-DCF on current price) |
| SMA 50 | $4.37 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $3.34 |
| Bollinger Width / SMA20 | 80.8% (drives anchor stability) |
| Net Debt | $0.4B |
| Market Cap | $0B |
Peers used for multiples: BFH, BHE, CALY, ENVA, SPHR, TPC, VSAT, VSXY
Blended Fair Value
$8.45
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $1.25 | 29% | |
| DDM (Gordon) | $12.86 | 0% | |
| Peer P/E | n/a | 0% | median 20.5× · 6 peers |
| Peer EV/EBITDA | $25.30 | 13% | median 11.0× · 8 peers |
| Peer P/B | n/a | 0% | median 1.8× · 8 peers |
| Peer P/S | $30.29 | 9% | median 1.2× · 8 peers |
| Market Anchor (SMA50) | $4.37 | 49% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- RADIO BROADCASTING STATIONS (4832) · industry map
- Exchange
- XNYS
- Market Cap
- $0.0B
- Employees
- 1,804
- List Date
- 2014-07-24
- CIK
- 0001499832
- Last Earnings
- Aug 6 before open · −0.5% vs ±20.8% expected
- Headquarters
- Purchase, NY
- Homepage
- https://www.townsquaremedia.com
Townsquare Media Inc is a radio, digital media, entertainment, and digital marketing solutions company principally focused on being the local advertising and marketing solutions platform in small and mid-sized markets across the United States. It has three segments which are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. It earns the majority of the revenue from the Broadcasting Advertising segment, which includes its local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast. Its portfolio includes loca…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 50.98% | -2.51% | 4.03% | 6.23% | -7.11% | 29.33% | 13.49% |
| Feb | 9.11% | -10.02% | -1.77% | -3.45% | -7.97% | 9.79% | -0.72% |
| Mar | 0.28% | 6.76% | 10.96% | 2.62% | -1.57% | -29.57% | -1.75% |
| Apr | -6.45% | -9.92% | 10.64% | 3.34% | -16.73% | 18.97% | -0.03% |
| May | 36.66% | -9.72% | 2.88% | -7.87% | 2.53% | 1.23% | 4.28% |
| Jun | -7.61% | -16.77% | 17.80% | 1.86% | 15.31% | 5.21% | 2.63% |
| Jul | -8.01% | -4.31% | 1.70% | 10.22% | -14.41% | -19.51% | -5.72% |
| Aug | 4.55% | 10.13% | -16.94% | -10.04% | 3.07% | -4.77% | -2.33% |
| Sep | 0.54% | -14.79% | -7.14% | -0.68% | -6.01% | -16.78% | -7.48% |
| Oct | 3.50% | 2.72% | -3.48% | -5.04% | -5.28% | -31.72% | -6.55% |
| Nov | -5.88% | -2.49% | 17.22% | 3.27% | -21.62% | -44.97%* | -9.08% |
| Dec | 6.30% | -1.89% | 4.66% | -11.92% | 3.01% | -- | 0.03% |
| Total | 95.37% | -44.06% | 41.22% | -13.18% | -47.47% | -69.63% | -6.29% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $3.22
SMA 50: $4.29
SMA 200: $5.89
Current: $1.75
EMA 12: $2.67
EMA 26: $3.33
MACD: -0.6624 | Signal: -0.1260
BEARISH
ADX (14): 64.19
STRONG TREND
+DI: 5.78
−DI: 46.68
Momentum Oscillators
RSI (14): 12.71
OVERSOLD
Stoch %K: 3.93
Stoch %D: 7.68
Williams %R: -100.00
Volume & Volatility
BB Upper: $4.68
BB Lower: $1.76
OVERSOLD
OBV: 881,528
Vol SMA 20: 200,179
Vol ROC: -32.57%
ATR: $0.31
True Range: $0.19
HV 20: 130.7%
HV 30: 113.1%
HV 60: 86.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Technical indicators point to a bearish trend, with MACD in a bearish crossover.
- Recent news headlines have been mixed, but overall sentiment is neutral.
- Volatility is above average, indicating increased market uncertainty.
2-3 Sentence Investment Thesis: Townsquare's (TSQ) recent technical performance suggests a potential downtrend. While the company has made positive announcements, these signals are tempered by bearish momentum indicators and elevated volatility. Investors should exercise caution when considering a position in TSQ.
Recent News Sentiment Impact: The majority of recent news headlines have been neutral or slightly positive, which does not strongly support or contradict technical signals.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): BEARISH Medium-term (1-3 months): NEUTRAL Long-term (3-12 months): BULLISH
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- Lower band: $4.98
- Middle line: $5.55
- Upper band: $6.11
- Trend line (SMA 200): $6.15
Momentum Signals:
- RSI interpretation: NEUTRAL (32.38)
- MACD signal: BEARISH CROSSLING
- Bollinger Bands position: NEUTRAL (squeeze)
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 57573.75
- On-Balance Volume (OBV): 3648536.59
- Volume Rate of Change: 108.58%
News & Sentiment Analysis
Recent Headlines Summary: Key themes from last 10 news articles:
- Positive - SMU Tech CxO Excellence Program completion
- Positive - Strategic Alliance with Kroenke Sports & Entertainment
- Neutral - Conference call to discuss Q4 2025 results and participation in Emerging Growth Conference
- Positive - Analysts' view on potential stock performance
- Neutral - Q2 revenue decline
- Positive - Strategic Alliance with Renda Media
Sentiment Assessment: Aggregate news sentiment: NEUTRAL (mixed positive and neutral themes)
Catalyst Identification: Upcoming events:
- No earnings data available
- Options market pricing $0.75 move by expiration
Market Narrative: News sentiments do not strongly contradict technical signals.
Risk & Volatility Assessment
Beta Interpretation: Risk relative to market: HIGH (1.10 vs SPY)
Volatility Regime: Current vs historical volatility levels:
- Stock Volatility: 0.56
- Historical Volatility: HV20 34.5%, HV30 44.8%, HV60 42.8%
Options Market Signals: IV rank, put/call ratios, unusual activity:
- IV Rank: 50.7% (Medium)
- Current IV: 120.8%
- Expected Move: $0.75 (29 DTE), 7-DTE: $0.40
- Volume Flow: 16 calls vs 8 puts
- Open Interest: 30 calls vs 1 puts
- Put/Call Volume Ratio: 0.50 (Bullish sentiment)
- Put/Call OI Ratio: 0.03
Downside Protection: Support levels and risk management considerations:
- Lower band: $4.98
- Middle line: $5.55
- Upper band: $6.11
Generated
News
All TSQ news →
Earnings History
15 of 17 under expected move
Avg Expected Move
16.62%
Avg Actual Move
5.54%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-03-16 | Pre-Market | 14.57% | 2.24% | 0.15x | Within |
| 2021-08-03 | Pre-Market | 16.67% | 6.75% | 0.40x | Within |
| 2022-08-02 | Pre-Market | 3.16% | 13.16% | 4.16x | Exceeded |
| 2023-05-10 | Pre-Market | 7.41% | 0.81% | 0.11x | Within |
| 2023-08-09 | Pre-Market | 13.49% | 19.70% | 1.46x | Exceeded |
| 2023-11-09 | Pre-Market | 21.49% | 1.49% | 0.07x | Within |
| 2024-03-15 | Pre-Market | 6.85% | 2.03% | 0.30x | Within |
| 2024-05-09 | Pre-Market | 6.81% | 3.33% | 0.49x | Within |
| 2024-08-07 | Pre-Market | 23.95% | 1.19% | 0.05x | Within |
| 2024-11-07 | Pre-Market | 24.34% | 1.17% | 0.05x | Within |
| 2025-03-17 | Pre-Market | 14.44% | 4.49% | 0.31x | Within |
| 2025-05-08 | Pre-Market | 34.72% | 3.80% | 0.11x | Within |
| 2025-08-06 | Pre-Market | 17.70% | 2.02% | 0.11x | Within |
| 2025-11-10 | Pre-Market | 24.96% | 11.29% | 0.45x | Within |
| 2026-03-16 | Pre-Market | 20.06% | 12.03% | 0.60x | Within |
| 2026-05-11 | After-Close | 11.10% | 8.18% | 0.74x | Within |
| 2026-08-06 | Pre-Market | 20.83% | 0.47% | 0.02x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
TSQ Options Activity & IV Rank
TSQ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 241.7%
7-DTE IV: —
Expected Move: $1.00
7-DTE Move: $1.12
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 167
Put Volume: 39
P/C Volume: 0.234
BULLISH
Call OI: 365
Put OI: 18
P/C OI: 0.049
Total OI: 383
ATM Options Pricing
ATM Call: $0.25
ATM Put: $0.75
Call %: 11.0%
Put %: 33.0%
Chain Summary
Chain Volume: 206
Chain OI: 383
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 35th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
35%
vs own history
GEX tilt
+0.90
OI-weighted, today
Vanna tilt
+0.88
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt +0.88: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)31.6MediumNov 9
Straddle Price (30 DTE)$1.00Nov 9
Beta Analysis
Risk Metrics
Beta: 0.6445
Alpha: -110.03%
Correlation: 0.1330
R-Squared: 1.8%
Stock Volatility: 66.6%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
TSQ Institutional Ownership (13F)
Filings for 2026-06-30 · 15 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 17,401,750 (as of 2026-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$471 notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $471 | 100.00% | 2026-09-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
TSQ Insider Trading (Form 4)
Latest: 2026-08-12Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-12 | Bill Wilson | Chief Executive Officer | Sell (S) | −148,164 | $5.60 | -$829.7K | EDGAR |
| 2026-08-05 | Scott Schatz | EVP, Finance Op and Tech | Award (A) | +1,132 | $5.94 | $6.7K | EDGAR |
| 2026-07-20 | Scott Schatz | EVP, Finance Op and Tech | Award (A) | +2,000 | $4.57 | $9.1K | EDGAR |
| 2026-07-20 | Robert L. Worshek | SVP, Chief Accounting Officer | Award (A) | +1,558 | $4.57 | $7.1K | EDGAR |
| 2026-06-11 | Erik Hellum | COO | Sell (S) | −35,000 | $6.44 | -$225.4K | EDGAR |
| 2026-05-29 | Robert L. Worshek | SVP, Chief Accounting Officer | Mixed Sell −34,299 · Grant +34,299 |
— | $6.59 | -$2.1K | EDGAR |
| 2026-05-20 | Claire Marie Yenicay | EVP, Inv Rel and Corp Comm | Mixed Sell −53,151 · Grant +53,151 |
— | $6.05 | -$1.7K | EDGAR |
| 2026-05-06 | Scott Schatz | EVP, Finance Op and Tech | Buy (P) | +943 | $6.51 | $6.1K | EDGAR |
| 2026-03-24 | Scott Schatz | EVP, Finance Op and Tech | Sell (S) | −55,926 | $5.16 | -$288.8K | EDGAR |
| 2026-03-20 | Scott Schatz | EVP, Finance Op and Tech | Mixed Grant +84,906 · Sell −28,980 |
+55,926 | $5.64 | $347.8K | EDGAR |
| 2026-02-20 | Erik Hellum | COO | Sell (S) | −20,106 | $6.58 | -$132.3K | EDGAR |
| 2026-02-04 | Scott Schatz | EVP, Finance Op and Tech | Buy (P) | +980 | $6.61 | $6.5K | EDGAR |
| 2026-01-21 | Erik Hellum | COO | Sell (S) | −13,959 | $5.55 | -$77.5K | EDGAR |
| 2026-01-16 | Gary L Ginsberg | Director | Award (A) | +24,030 | $5.41 | $130.0K | EDGAR |
| 2026-01-16 | Stephen A Kaplan | Director | Award (A) | +24,030 | $5.41 | $130.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
TSQ Insider Holdings
12 insiders · @ $1.75
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Stephen A Kaplan | Director | 12,584,736 | $22.02M | $18.10M | 18 | 2026-01-16 |
| 2 | B James Ford | Director | 12,455,878 | $21.80M | $17.13M | 12 | 2026-01-16 |
| 3 | Bill Wilson | Chief Executive Officer | 2,979,226 | $5.21M | -$5.59M | 22 | 2026-08-12 |
| 4 | Marc R Lisker | 10%+ Owner | 1,470,067 | $2.57M | -$670.6K | 4 | 2024-11-18 |
| 5 | Erik Hellum | COO | 914,542 | $1.60M | -$3.88M | 41 | 2026-06-11 |
| 6 | Stuart B Rosenstein | EVP and CFO | 467,213 | $817.6K | -$9.61M | 21 | 2026-01-16 |
| 7 | Claire Marie Yenicay | EVP, Inv Rel and Corp Comm | 258,380 | $452.2K | -$888.8K | 17 | 2026-05-20 |
| 8 | Scott Schatz | EVP, Finance Op and Tech | 196,846 | $344.5K | -$2.96M | 40 | 2026-08-05 |
| 9 | Robert L. Worshek | SVP, Chief Accounting Officer | 144,280 | $252.5K | -$1.41M | 15 | 2026-07-20 |
| 10 | Gary L Ginsberg | Director | 129,938 | $227.4K | -$289.9K | 13 | 2026-01-16 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
TSQ Board & Officers
As of SEC filings through Aug 12, 2026Directors 6
- B James Ford · since Jul 23, 2014
- David Lebow · since Jul 23, 2014
- Gary L Ginsberg · since Jul 23, 2014
- Stephen A Kaplan · since Jul 23, 2014
- Bill Wilson · listed since Jun 2018
- Gary D Way · since Jan 1, 2023
Officers 6
- Bill Wilson · Chief Executive Officer · listed since Jun 2018
- Stuart B Rosenstein · EVP and CFO · since Jul 23, 2014
- Erik Hellum · COO · listed since Mar 2023
- Robert L. Worshek · SVP, Chief Accounting Officer · since Dec 16, 2019
- Claire Marie Yenicay · EVP, Inv Rel and Corp Comm · listed since Aug 2015
- Scott Schatz · EVP, Finance Op and Tech · listed since Aug 2015
10% owners 1
- Bill Wilson · listed since Aug 2026
Changes in the last 10 years (24)
| Aug 12, 2026 | Bill Wilson first listed as a 10% owner in an SEC filing |
| Nov 18, 2024 | Msd Capital L P reported in an SEC filing no longer being a 10% owner |
| Nov 18, 2024 | Michael S Dell reported in an SEC filing no longer being a 10% owner |
| Nov 18, 2024 | Marc R Lisker reported in an SEC filing no longer being a 10% owner |
| Nov 18, 2024 | Gregg Lemkau reported in an SEC filing no longer being a 10% owner |
| Apr 3, 2024 | Madison Square Garden Entertainment Corp. reported in an SEC filing no longer being a 10% owner |
| Mar 14, 2024 | Marc R Lisker first on file as a 10% owner |
| Mar 14, 2024 | Gregg Lemkau first on file as a 10% owner |
| Apr 21, 2023 | Sphere Entertainment Co. reported in an SEC filing no longer being a 10% owner |
| Apr 20, 2023 | Madison Square Garden Entertainment Corp. became a 10% owner |
| Mar 14, 2023 | Erik Hellum listed as COO (previously COO, Local Media) in SEC filings |
| Jan 1, 2023 | Gary D Way became a director |
| Mar 11, 2021 | Partners Ltd first on file as a 10% owner |
| Mar 11, 2021 | Brookfield Asset Management Inc. first on file as a 10% owner |
| Mar 11, 2021 | Atlas OCM Holdings, LLC first on file as a 10% owner |
| Nov 9, 2020 | Sphere Entertainment Co. became a 10% owner |
| Dec 16, 2019 | Robert L. Worshek became SVP, Chief Accounting Officer |
| Aug 20, 2018 | Steven Price listed as Executive Chairman (previously Chairman and CEO) in SEC filings |
| Aug 20, 2018 | B James Ford no longer listed as a 10% owner in SEC filings |
| Jun 1, 2018 | Dhruv Prasad listed as Co-Chief Executive Officer (previously EVP, Live Events) in SEC filings |
| Jun 1, 2018 | Dhruv Prasad first listed as a director in an SEC filing |
| Jun 1, 2018 | Bill Wilson listed as Chief Executive Officer (previously EVP and Chief Content Officer) in SEC filings |
| Jun 1, 2018 | Bill Wilson first listed as a director in an SEC filing |
| Dec 22, 2017 | Erik Hellum listed as COO, Local Media (previously Executive Vice President) in SEC filings |
Not reported recently (20)
- Steven Price · Last reported as a director in an SEC filing dated May 1, 2025
- Michael W Josephs · Last reported as EVP, Business Dev. and M&A in an SEC filing dated Oct 11, 2022
- David Quick · Last reported as a director in an SEC filing dated Mar 11, 2021
- Oaktree Fund AIF Series, L.P. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Ocm Pof IV Aif Gap Holdings, L.p. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Ocm Pf/ff Radio Holdings Pt, L.p. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Oaktree Capital Group Holdings, L.P. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- OCM/GAP Holdings IV, LLC · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Oaktree Fund GP III, L.P. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Oaktree Fund GP AIF, LLC · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Oaktree AIF Investments, L.P. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Oaktree AIF Investment GP, LLC · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Oaktree Capital Group Holdings GP, LLC · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- OCM Principal Opportunities Fund IV AIF (Delaware), L.P. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Brookfield Asset Management Inc. · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Partners Ltd · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Atlas OCM Holdings, LLC · Last reported as a 10% owner in an SEC filing dated Mar 11, 2021
- Christopher Kitchen · Last reported as EVP and General Counsel in an SEC filing dated Dec 23, 2020
- Dhruv Prasad · Last reported as a director in an SEC filing dated Sep 24, 2018
- Mark Stewart · Last reported as EVP & Chief Strategic Officer in an SEC filing dated Jan 5, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
TSQ Proposed Insider Sales (Form 144)
Latest: 2026-08-12
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
2 filings
· $830K notice value
· 1 unique filer
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Wilson Bill (2, $830K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-12 | Wilson Bill | Officer, Director | 21,420 | $118.7K | 2026-08-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-11 | Wilson Bill | Officer, Director | 126,744 | $711.1K | 2026-08-11 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-06-09 | Hellum Erik | Officer | 35,000 | $225.5K | 2026-06-09 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-28 | WORSHEK ROBERT L. | Officer | 34,299 | $227.1K | 2026-05-28 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-20 | Yenicay Claire Marie | Officer | 19,716 | $120.0K | 2026-05-20 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-19 | Yenicay Claire Marie | Officer | 15,718 | $95.0K | 2026-05-19 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-18 | Yenicay Claire Marie | Officer | 17,717 | $107.2K | 2026-05-18 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-03-23 | Schatz Scott | Officer | 4,836 | $25.4K | 2026-03-23 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-03-23 | Schatz Scott | Officer | 30,000 | $157.5K | 2026-03-23 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-03-20 | Schatz Scott | Officer | 21,090 | $105.9K | 2026-03-20 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-04
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
10 ETFs hold TSQ
10 shown · $2.82M total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $1.7M | — | 2026-09-30 |
| 2 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $755,041 | — | 2026-09-30 |
| 3 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.01% | $168,711 | — | 2026-06-30 |
| 4 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.01% | $85,174 | $1.2B | 2026-11-06 |
| 5 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $33,448 | — | 2026-11-05 |
| 6 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.00% | $26,135 | — | 2026-11-05 |
| 7 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $14,156 | — | 2026-11-05 |
| 8 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.00% | $5,489 | $3.2B | 2026-11-05 |
| 9 | DFSU Dimensional US Sustainability Core 1 ETF | Dimensional | 0.00% | $3,247 | $2.3B | 2026-11-05 |
| 10 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.00% | $688 | — | 2026-11-05 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-2.75
TTM Revenue
$429.58M
TTM Net Income
$-48.55M
TTM Op. Cash Flow
$25.49M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $110.95M | $-4.15M | $-0.23 | $5.12M |
| Q2 '26 | 2026-06-30 | $115.35M | $-41.98M | $-2.36 | $3.58M |
| Q1 '26 | 2026-03-31 | $96.78M | $2.77M | $0.16 | $4.20M |
| Q4 '25 | 2025-12-31 | $106.50M | $-5.20M | $-0.32 | $12.59M |
| Q3 '25 | 2025-09-30 | $106.76M | $-5.90M | $-0.36 | $7.88M |
| Q2 '25 | 2025-06-30 | $115.45M | $1.57M | $0.09 | $10.20M |
| Q1 '25 | 2025-03-31 | $98.67M | $-1.98M | $-0.12 | $-66.00K |
| Q4 '24 | 2024-12-31 | $117.81M | $24.56M | $1.57 | $28.19M |
| Q3 '24 | 2024-09-30 | $115.31M | $10.85M | $0.63 | $9.87M |
| Q2 '24 | 2024-06-30 | $118.22M | $-49.24M | $-3.26 | $9.01M |
| Q1 '24 | 2024-03-31 | $99.63M | $1.14M | $0.06 | $1.67M |
| Q4 '23 | 2023-12-31 | $114.79M | $-2.34M | $-0.16 | $28.86M |
Q3 2026 • period ending 2026-09-30 • filed 2026-11-04
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
—
P/S
0.07
EV/EBITDA
5.89
EV/Sales
1.07
ROE
—
ROA
-10.2%
Div Yield
48.24%
FCF Yield
94.94%
Debt/Equity
—
Current Ratio
—
Market Cap
$29.76M
as of 2026-11-09
TSQ vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| VSAT Viasat Inc | $8.8B | — | +2.7% | +97.6% | 60 |
| VSXY Victorias Secret & Co. | $8.6B | 26.3 | — | +41.8% | 55 |
| TPC Tutor Perini Corporation | $4.7B | 35.9 | +22.6% | +36.6% | 1 |
| SPHR Sphere Entertainment Co. | $4.4B | — | +36.3% | +28.7% | 40 |
| ENVA Enova International, Inc. | $4.2B | 11.6 | +23.2% | +3.9% | 24 |
| BFH Bread Financial Holdings, Inc. | $3.9B | 7.8 | +5.2% | +31.0% | 73 |
| CALY Callaway Golf Company | $3.0B | 22.1 | — | +15.1% | 17 |
| BHE Benchmark Electronics | $2.2B | 40.9 | +12.9% | +44.2% | 74 |
| TSQ TOWNSQUARE MEDIA, INC. | $34M | — | −2.1% | −65.6% | 32 |
| Peer median | $4.3B | 24.2 | +17.8% | +33.8% | 47 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
339.94K
SI % of Float
2.63%
Days to Cover
3.24
Short Vol Ratio
35.9%
Free Float
12.92M
Float %
76.4%
Short interest 2026-10-15 • Short volume 2026-11-09 • Float 2026-08-14