Equities research analysts expect TheStreet, Inc. (NASDAQ:TST) to report $16.19 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TheStreet’s earnings. The lowest sales estimate is $15.95 million and the highest is $16.43 million. TheStreet reported sales of $15.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The firm is expected to issue its next earnings results on Friday, March 9th.

According to Zacks, analysts expect that TheStreet will report full-year sales of $16.19 million for the current fiscal year, with estimates ranging from $62.44 million to $62.92 million. For the next fiscal year, analysts anticipate that the company will post sales of $65.03 million per share, with estimates ranging from $64.41 million to $65.64 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover TheStreet.

TheStreet (NASDAQ:TST) last issued its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $15.25 million for the quarter, compared to analyst estimates of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same quarter in the prior year, the business posted ($0.03) EPS.

Several research analysts have recently issued reports on TST shares. Zacks Investment Research cut shares of TheStreet from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. B. Riley set a $2.00 price target on shares of TheStreet and gave the company a “buy” rating in a research report on Monday, November 13th. ValuEngine upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Lake Street Capital increased their target price on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Northland Securities started coverage on shares of TheStreet in a research report on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 target price for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TheStreet currently has a consensus rating of “Buy” and an average price target of $2.31.

In related news, Director Kevin Rendino bought 50,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of $1.38 per share, with a total value of $69,000.00. Following the completion of the purchase, the director now owns 64,745 shares in the company, valued at approximately $89,348.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen Zacharias bought 30,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $1.32 per share, with a total value of $39,600.00. Following the completion of the purchase, the director now owns 191,376 shares of the company’s stock, valued at approximately $252,616.32. The disclosure for this purchase can be found here. Insiders have purchased a total of 163,150 shares of company stock valued at $221,738 over the last three months. 9.70% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC bought a new position in TheStreet, Inc. (NASDAQ:TST) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned about 0.57% of TheStreet at the end of the most recent quarter. Institutional investors own 32.86% of the company’s stock.

TheStreet (NASDAQ TST) traded up $0.01 during midday trading on Wednesday, reaching $1.48. 36,384 shares of the company’s stock traded hands, compared to its average volume of 131,350. TheStreet has a 1 year low of $0.61 and a 1 year high of $1.64. The company has a market cap of $71.07, a PE ratio of -4.35 and a beta of 0.94.

TheStreet declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 13th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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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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