TheStreet, Inc. (TST) Upgraded at Zacks Investment Research
TheStreet, Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $1.00 target price on the information services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.64% from the company’s current price.
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 reiterated a “buy” rating and set a $2.10 target price on shares of TheStreet in a research report on Monday, May 15th.
Shares of TheStreet (NASDAQ:TST) traded up 1.16% during midday trading on Wednesday, hitting $0.88. 78,395 shares of the stock were exchanged. The firm’s 50-day moving average is $0.87 and its 200 day moving average is $0.83. TheStreet has a 52-week low of $0.61 and a 52-week high of $1.28. The firm’s market cap is $31.38 million.
TheStreet (NASDAQ:TST) last posted its earnings results on Tuesday, May 9th. The information services provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $15.28 million during the quarter, compared to the consensus estimate of $15.29 million. TheStreet had a negative return on equity of 4.43% and a negative net margin of 24.24%. During the same period in the prior year, the company earned ($0.10) EPS. On average, analysts forecast that TheStreet will post ($0.06) earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of TheStreet by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,400 shares of the information services provider’s stock worth $1,461,000 after buying an additional 75,400 shares in the last quarter. B. Riley Financial Inc. bought a new stake in shares of TheStreet during the first quarter worth about $546,000. Cannell Capital LLC increased its stake 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 worth $2,568,000 after buying an additional 200,000 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after buying an additional 165,053 shares in the last quarter. Institutional investors own 49.85% of the company’s stock.
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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