TheStreet, Inc. (NASDAQ:TST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

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 $1.90 target price on shares of TheStreet in a research note on Friday, May 5th.

Shares of TheStreet (TST) opened at 0.88 on Friday. The firm’s 50-day moving average is $0.87 and its 200-day moving average is $0.83. The company’s market cap is $31.38 million. TheStreet has a one year low of $0.61 and a one year high of $1.28.

TheStreet (NASDAQ:TST) last issued its earnings results on Tuesday, May 9th. The information services provider reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the firm earned ($0.10) earnings per share. Analysts expect that TheStreet will post ($0.06) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock valued at $2,357,000 after buying an additional 165,053 shares in the last quarter. Renaissance Technologies LLC increased its position in 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 in the last quarter. Cannell Capital LLC increased its position in 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 in the last quarter. Finally, B. Riley Financial Inc. purchased a new position in TheStreet during the first quarter valued at about $546,000. 49.85% of the stock is owned by 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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