TheStreet, Inc. (TST) Major Shareholder Buys $33,493.86 in Stock
TheStreet, Inc. (NASDAQ:TST) major shareholder Cannell Capital Llc bought 15,294 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $2.19 per share, for a total transaction of $33,493.86. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
NASDAQ TST traded up $0.12 during trading hours on Thursday, reaching $2.30. The stock had a trading volume of 555,800 shares, compared to its average volume of 92,668. The firm has a market cap of $106.67 million, a P/E ratio of -38.33 and a beta of 0.02. TheStreet, Inc. has a 52-week low of $1.50 and a 52-week high of $2.50.
TheStreet (NASDAQ:TST) last issued its earnings results on Tuesday, March 12th. The information services provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $13.92 million for the quarter, compared to analyst estimates of $13.60 million. TheStreet had a negative return on equity of 3.35% and a net margin of 32.98%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. As a group, sell-side analysts anticipate that TheStreet, Inc. will post -0.08 earnings per share for the current year.
TST has been the topic of a number of recent research reports. B. Riley set a $3.00 target price on TheStreet and gave the company a “buy” rating in a research report on Thursday, December 6th. ValuEngine lowered TheStreet from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research lowered TheStreet from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd.
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TheStreet Company Profile
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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