Insider Buying: TheStreet Inc. (TST) Director Acquires 25,000 Shares of Stock
TheStreet Inc. (NASDAQ:TST) Director Lawrence S. Kramer acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were purchased at an average cost of $0.88 per share, for a total transaction of $22,000.00. Following the completion of the acquisition, the director now owns 8,652 shares in the company, valued at approximately $7,613.76. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
TheStreet Inc. (NASDAQ:TST) traded down 1.14% during trading on Tuesday, hitting $0.87. The stock had a trading volume of 591 shares. The stock has a 50 day moving average price of $0.96 and a 200-day moving average price of $1.11. TheStreet Inc. has a 12 month low of $0.82 and a 12 month high of $1.74. The stock’s market cap is $30.67 million.
TheStreet (NASDAQ:TST) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm earned $15.20 million during the quarter, compared to analyst estimates of $16.07 million. TheStreet had a negative return on equity of 8.41% and a negative net margin of 9.49%. During the same quarter in the prior year, the company posted $0.03 earnings per share. On average, equities analysts predict that TheStreet Inc. will post ($0.21) EPS for the current year.
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A number of equities analysts have commented on TST shares. B. Riley reaffirmed a “buy” rating and issued a $2.10 price target on shares of TheStreet in a research note on Wednesday, August 3rd. Zacks Investment Research raised TheStreet from a “sell” rating to a “hold” rating in a research note on Thursday, October 6th.
A hedge fund recently raised its stake in TheStreet stock. Cannell Capital LLC raised its position in TheStreet Inc. (NASDAQ:TST) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,220,366 shares of the company’s stock after buying an additional 305,012 shares during the period. TheStreet makes up 1.5% of Cannell Capital LLC’s holdings, making the stock its 26th largest position. Cannell Capital LLC owned about 9.14% of TheStreet worth $3,639,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 58.41% of the company’s stock.
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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