TheStreet Inc. (TST) Upgraded to Hold by 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 reaffirmed a buy rating and set a $2.10 price target on shares of TheStreet in a report on Wednesday, August 3rd.
Shares of TheStreet (NASDAQ:TST) traded up 2.70% during midday trading on Thursday, reaching $1.14. 366 shares of the company’s stock traded hands. TheStreet has a one year low of $0.82 and a one year high of $1.77. The company’s market capitalization is $40.19 million. The company has a 50-day moving average of $1.18 and a 200-day moving average of $1.16.
TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Monday, August 1st. The company reported ($0.03) earnings per share for the quarter, meeting 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 business had revenue of $16.30 million for the quarter, compared to the consensus estimate of $16.74 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Equities research analysts anticipate that TheStreet will post ($0.20) EPS for the current year.
In related news, Director James J. Cramer acquired 23,600 shares of TheStreet stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of $1.22 per share, for a total transaction of $28,792.00. Following the completion of the transaction, the director now directly owns 2,839,435 shares in the company, valued at approximately $3,464,110.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James J. Cramer acquired 30,000 shares of TheStreet stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $1.22 per share, for a total transaction of $36,600.00. Following the transaction, the director now owns 2,801,635 shares of the company’s stock, valued at $3,417,994.70. The disclosure for this purchase can be found here. Insiders own 9.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cannell Capital LLC boosted 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 in the last quarter. HighTower Advisors LLC boosted 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 in the last quarter. Finally, Renaissance Technologies LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 58.35% of the company’s stock.
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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