TheStreet Inc. (TST) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution. “
Separately, B. Riley restated a buy rating and issued a $2.25 target price on shares of TheStreet in a research report on Friday, July 29th.
Shares of TheStreet (NASDAQ:TST) opened at 1.11 on Friday. The stock’s market capitalization is $39.13 million. TheStreet has a 1-year low of $0.82 and a 1-year high of $1.77. The firm has a 50-day moving average of $1.18 and a 200 day moving average of $1.16.
TheStreet (NASDAQ:TST) last posted its earnings results on Monday, August 1st. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). TheStreet had a negative net margin of 6.89% and a negative return on equity of 6.10%. The firm earned $16.30 million during the quarter, compared to analysts’ expectations of $16.74 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. On average, equities analysts anticipate that TheStreet will post ($0.20) earnings per share for the current fiscal year.
In other TheStreet news, Director James J. Cramer bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $1.22 per share, with a total value of $36,600.00. Following the completion of the purchase, the director now directly owns 2,801,635 shares in the company, valued at $3,417,994.70. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James J. Cramer bought 25,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $1.23 per share, with a total value of $30,873.00. Following the completion of the purchase, the director now owns 2,870,335 shares of the company’s stock, valued at $3,530,512.05. The disclosure for this purchase can be found here. 9.70% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in shares of TheStreet by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the company’s stock valued at $1,902,000 after buying an additional 102,663 shares during the period. HighTower Advisors LLC increased its stake in shares of TheStreet by 0.7% in the second quarter. HighTower Advisors LLC now owns 2,825,412 shares of the company’s stock valued at $3,193,000 after buying an additional 21,000 shares during the period. Finally, Cannell Capital LLC increased its stake in shares of TheStreet by 10.5% in the second quarter. Cannell Capital LLC now owns 3,220,366 shares of the company’s stock valued at $3,639,000 after buying an additional 305,012 shares during the period. 58.35% of the stock is owned by institutional investors and hedge funds.
TheStreet Company Profile
TheStreet, Inc (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels.
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