TheStreet, Inc. (TST) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of TheStreet, Inc. (NASDAQ:TST) from a buy rating to a hold rating in a research report sent to investors on Thursday.
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 set a $2.10 price objective on shares of TheStreet in a research report on Tuesday, August 8th.
Shares of TheStreet (NASDAQ:TST) traded down 0.95% on Thursday, hitting $1.04. The company had a trading volume of 93,966 shares. The firm’s 50 day moving average price is $0.99 and its 200-day moving average price is $0.88. The stock’s market capitalization is $37.30 million. TheStreet has a 52 week low of $0.61 and a 52 week high of $1.13.
TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Tuesday, August 1st. The information services provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. TheStreet had a negative return on equity of 1.30% and a negative net margin of 21.87%. The company had revenue of $15.96 million during the quarter, compared to analyst estimates of $15.72 million. Analysts forecast that TheStreet will post ($0.03) earnings per share for the current fiscal year.
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An institutional investor recently raised its position in TheStreet stock. Renaissance Technologies LLC raised its holdings in shares of TheStreet, Inc. (NASDAQ:TST) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,743,100 shares of the information services provider’s stock after purchasing an additional 24,700 shares during the period. Renaissance Technologies LLC owned approximately 4.89% of TheStreet worth $1,325,000 at the end of the most recent quarter. 46.84% of the stock is currently owned by institutional investors.
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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