TheStreet, Inc. (TST) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of TheStreet, Inc. (NASDAQ:TST) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning.
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 issued a $2.10 target price on shares of TheStreet in a report on Tuesday, August 8th.
TheStreet (NASDAQ:TST) opened at 1.0899 on Friday. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.13. The stock’s 50 day moving average price is $0.94 and its 200 day moving average price is $0.86. The stock’s market capitalization is $39.09 million.
TheStreet (NASDAQ:TST) last released its earnings results on Tuesday, August 1st. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $15.96 million for the quarter, compared to analyst estimates of $15.72 million. TheStreet had a negative return on equity of 1.30% and a negative net margin of 21.87%. Equities research analysts forecast that TheStreet will post ($0.03) earnings per share for the current year.
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Several large investors have recently made changes to their positions in TST. Cannell Capital LLC grew its holdings in shares of TheStreet by 6.3% during the 1st quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock worth $2,568,000 after purchasing an additional 200,000 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of TheStreet by 5.6% during the 1st quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after purchasing an additional 165,053 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of TheStreet by 1.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock worth $1,325,000 after purchasing an additional 24,700 shares in the last quarter. 46.84% of the stock is currently owned by institutional investors.
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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