TheStreet (TST) Receives New Coverage from Analysts at Northland Securities
Investment analysts at Northland Securities assumed coverage on shares of TheStreet (NASDAQ:TST) in a research note issued on Wednesday. The brokerage set an “outperform” rating and a $3.00 price target on the information services provider’s stock. Northland Securities’ price objective would indicate a potential upside of 114.29% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Wednesday, October 18th. B. Riley set a $2.00 price objective on shares of TheStreet and gave the company a “buy” rating in a research report on Monday, November 13th. Lake Street Capital boosted their price objective on shares of TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TheStreet currently has a consensus rating of “Buy” and an average target price of $2.31.
TheStreet (NASDAQ TST) traded down $0.02 during trading hours on Wednesday, hitting $1.40. 133,500 shares of the stock were exchanged, compared to its average volume of 105,329. The firm has a market capitalization of $68.62, a price-to-earnings ratio of 71.00 and a beta of 0.94. TheStreet has a twelve month low of $0.61 and a twelve month high of $1.64.
TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Monday, November 13th. The information services provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $15.25 million during 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 previous year, the business posted ($0.03) earnings per share. sell-side analysts forecast that TheStreet will post -0.01 earnings per share for the current year.
TheStreet declared that its board has authorized a share repurchase plan on Monday, November 13th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director Stephen Zacharias purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $1.32 per share, with a total value of $39,600.00. Following the completion of the transaction, the director now owns 191,376 shares of the company’s stock, valued at approximately $252,616.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Rendino purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $1.38 per share, with a total value of $69,000.00. Following the transaction, the director now directly owns 64,745 shares of the company’s stock, valued at approximately $89,348.10. The disclosure for this purchase can be found here. In the last three months, insiders bought 163,150 shares of company stock valued at $221,738. Company insiders own 9.70% of the company’s stock.
An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC purchased a new position in shares of TheStreet, Inc. (NASDAQ:TST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 32.91% of the stock is currently owned by hedge funds and other 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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