TheStreet, Inc. (TST) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of TheStreet, Inc. (NASDAQ:TST) from a strong-buy rating to a hold rating in a report published 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 restated a buy rating and set a $2.10 target price on shares of TheStreet in a research report on Tuesday, August 8th.
Shares of TheStreet (TST) traded up 0.93% on Friday, reaching $1.08. 61,263 shares of the company’s stock were exchanged. TheStreet has a 12 month low of $0.61 and a 12 month high of $1.13. The firm’s 50-day moving average price is $0.94 and its 200 day moving average price is $0.86. The company’s market cap is $38.74 million.
TheStreet (NASDAQ:TST) last announced its earnings results on Tuesday, August 1st. The information services provider reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. TheStreet had a negative net margin of 21.87% and a negative return on equity of 1.30%. The firm had revenue of $15.96 million for the quarter, compared to analyst estimates of $15.72 million. Equities research analysts predict that TheStreet will post ($0.03) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position 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 acquiring an additional 24,700 shares in the last quarter. HighTower Advisors LLC boosted its position 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 acquiring an additional 165,053 shares in the last quarter. Finally, Cannell Capital LLC boosted its position 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 acquiring an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 46.84% of the company’s stock.
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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