TheStreet Inc. (TST) Stock Rating Upgraded by Zacks Investment Research
TheStreet Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
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 target price on shares of TheStreet in a research note on Wednesday, August 3rd.
Shares of TheStreet (NASDAQ:TST) opened at 1.1401 on Friday. The stock’s market capitalization is $40.19 million. The stock has a 50 day moving average price of $1.18 and a 200 day moving average price of $1.16. TheStreet has a 52 week low of $0.82 and a 52 week high of $1.77.
TheStreet (NASDAQ:TST) last released its quarterly earnings data on Monday, August 1st. The company reported ($0.03) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $16.30 million for the quarter, compared to the consensus estimate of $16.74 million. TheStreet had a negative return on equity of 6.10% and a negative net margin of 6.89%. During the same quarter in the previous year, the business earned ($0.02) earnings per share. On average, equities research analysts expect that TheStreet will post ($0.20) EPS for the current year.
In other news, Director James J. Cramer acquired 21,300 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were acquired at an average cost of $1.20 per share, with a total value of $25,560.00. Following the transaction, the director now owns 2,872,626 shares in the company, valued at approximately $3,447,151.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James J. Cramer acquired 30,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average cost of $1.22 per share, for a total transaction of $36,600.00. Following the completion of the transaction, the director now owns 2,801,635 shares in the company, valued at approximately $3,417,994.70. The disclosure for this purchase can be found here. 9.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in TheStreet by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the company’s stock valued at $1,902,000 after buying an additional 102,663 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of TheStreet by 0.7% in the second quarter. HighTower Advisors LLC now owns 2,825,412 shares of the company’s stock worth $3,193,000 after buying an additional 21,000 shares in the last quarter. Finally, Cannell Capital LLC boosted its stake in shares of TheStreet by 10.5% in the second quarter. Cannell Capital LLC now owns 3,220,366 shares of the company’s stock worth $3,639,000 after buying an additional 305,012 shares in the last quarter. 58.35% of the stock is currently owned by institutional investors and hedge funds.
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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