TheStreet, Inc. (TST) Given Buy Rating at B. Riley
TheStreet, Inc. (NASDAQ:TST)‘s stock had its “buy” rating reiterated by B. Riley in a research note issued on Monday. They presently have a $2.10 price target on the information services provider’s stock. B. Riley’s target price suggests a potential upside of 133.33% from the stock’s previous close.
Separately, Zacks Investment Research raised TheStreet from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Thursday, March 16th.
Shares of TheStreet (NASDAQ:TST) traded down 2.17% during mid-day trading on Monday, reaching $0.90. The company had a trading volume of 90,746 shares. The company’s market capitalization is $32.07 million. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.28. The stock’s 50-day moving average price is $0.79 and its 200 day moving average price is $0.84.
TheStreet (NASDAQ:TST) last announced its quarterly earnings results on Tuesday, May 9th. The information services provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. TheStreet had a negative return on equity of 8.41% and a negative net margin of 9.49%. The business had revenue of $15.28 million for the quarter, compared to analyst estimates of $15.29 million. During the same quarter in the prior year, the company posted ($0.10) EPS. Equities analysts expect that TheStreet will post ($0.07) EPS for the current year.
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Several institutional investors have recently made changes to their positions in TST. B. Riley Financial Inc. acquired a new position in shares of TheStreet during the first quarter valued at approximately $546,000. Renaissance Technologies LLC raised its position in shares of TheStreet by 1.4% in the first quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock valued at $1,325,000 after buying an additional 24,700 shares during the period. Cannell Capital LLC raised its position in shares of TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock valued at $2,568,000 after buying an additional 200,000 shares during the period. Punch & Associates Investment Management Inc. raised its position in shares of TheStreet by 2.7% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,864,688 shares of the information services provider’s stock valued at $2,797,000 after buying an additional 49,838 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of TheStreet by 3.9% in the third quarter. HighTower Advisors LLC now owns 2,935,412 shares of the information services provider’s stock valued at $3,230,000 after buying an additional 110,000 shares during the period. 58.79% 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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