TheStreet Inc. (TST) Stock Rating Upgraded by Zacks Investment Research
TheStreet Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
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 set a $2.10 price objective on shares of TheStreet in a report on Wednesday, August 3rd.
Shares of TheStreet (NASDAQ:TST) opened at 1.10 on Thursday. The company’s 50 day moving average is $1.15 and its 200-day moving average is $1.17. TheStreet has a 1-year low of $0.82 and a 1-year high of $1.77. The stock’s market capitalization is $38.78 million.
TheStreet (NASDAQ:TST) last announced its earnings results on Monday, August 1st. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $16.30 million for the quarter, compared to the consensus estimate of $16.74 million. TheStreet had a negative return on equity of 6.10% and a negative net margin of 6.89%. During the same period last year, the business posted ($0.02) EPS. Equities analysts anticipate that TheStreet will post ($0.20) earnings per share for the current fiscal year.
In other news, Director Lawrence S. Kramer purchased 25,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $1.22 per share, for a total transaction of $30,500.00. Following the acquisition, the director now owns 8,652 shares of the company’s stock, valued at $10,555.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director James J. Cramer purchased 30,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was purchased at an average price of $1.22 per share, with a total value of $36,600.00. Following the completion of the acquisition, the director now directly owns 2,801,635 shares in the company, valued at approximately $3,417,994.70. The disclosure for this purchase can be found here. Company insiders own 9.70% of the company’s stock.
Several large investors have recently modified their holdings of TST. 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 worth $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 worth $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 worth $3,639,000 after buying an additional 305,012 shares during the period. Institutional investors and hedge funds 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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