TheStreet, Inc. (TST) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of TheStreet, Inc. (NASDAQ:TST) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $1.00 price target on the information services provider’s stock.
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 reissued a buy rating and issued a $2.10 price objective on shares of TheStreet in a research note on Monday, May 15th.
TheStreet (NASDAQ:TST) traded up 1.14% during midday trading on Wednesday, reaching $0.89. The company’s stock had a trading volume of 208,015 shares. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.28. The firm has a 50 day moving average price of $0.87 and a 200 day moving average price of $0.83. The firm’s market capitalization is $31.74 million.
TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The company had revenue of $15.28 million for the quarter, compared to analyst estimates of $15.29 million. TheStreet had a negative return on equity of 4.43% and a negative net margin of 24.24%. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. On average, analysts predict that TheStreet will post ($0.06) EPS for the current year.
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Institutional investors have recently modified their holdings of the stock. B. Riley Financial Inc. purchased a new position in shares of TheStreet during the first quarter valued at about $546,000. Renaissance Technologies LLC raised its position in shares of TheStreet by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,400 shares of the information services provider’s stock valued at $1,461,000 after buying an additional 75,400 shares during the period. HighTower Advisors LLC raised its position in shares of TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock valued at $2,357,000 after buying an additional 165,053 shares during the period. Finally, Cannell Capital LLC raised its position in shares of TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock valued at $2,568,000 after buying an additional 200,000 shares during the period. 49.85% of the stock is currently 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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