TheStreet Inc. (TST) Upgraded to “Hold” by Zacks Investment Research
TheStreet Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued 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 reissued a “buy” rating and set a $2.10 price objective on shares of TheStreet in a report on Wednesday, August 3rd.
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TheStreet (NASDAQ:TST) opened at 1.11 on Thursday. The company’s market capitalization is $39.13 million. The company has a 50-day moving average of $1.18 and a 200 day moving average of $1.16. TheStreet has a 12-month low of $0.82 and a 12-month high of $1.77.
TheStreet (NASDAQ:TST) last issued its earnings results on Monday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the 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 net margin of 6.89% and a negative return on equity of 6.10%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Equities research analysts forecast that TheStreet will post ($0.20) earnings per share for the current fiscal year.
In other TheStreet news, Director James J. Cramer bought 21,300 shares of TheStreet stock in a transaction on Wednesday, August 17th. The stock was acquired at an average cost of $1.20 per share, with a total value of $25,560.00. Following the completion of the acquisition, the director now owns 2,872,626 shares in the company, valued at $3,447,151.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence S. Kramer bought 25,000 shares of TheStreet stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average cost of $1.22 per share, with a total value of $30,500.00. Following the completion of the acquisition, the director now owns 8,652 shares of the company’s stock, valued at approximately $10,555.44. The disclosure for this purchase can be found here. Insiders own 9.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. 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. HighTower Advisors LLC raised its position in 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 during the last quarter. Finally, Renaissance Technologies LLC raised its position in TheStreet by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the company’s stock worth $1,902,000 after buying an additional 102,663 shares during the last quarter. 58.35% of the stock is owned by institutional investors and hedge funds.
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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