TheStreet, Inc. (TST) Rating Reiterated by B. Riley
TheStreet, Inc. (NASDAQ:TST)‘s stock had its “buy” rating restated by investment analysts at B. Riley in a research note issued to investors on Friday. They currently have a $2.10 price objective on the information services provider’s stock. B. Riley’s target price indicates a potential upside of 172.69% from the company’s current price.
Separately, Zacks Investment Research lowered TheStreet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th.
Shares of TheStreet (TST) traded down 1.31% during midday trading on Friday, hitting $0.76. The stock had a trading volume of 83,818 shares. TheStreet has a 52-week low of $0.61 and a 52-week high of $1.28. The firm’s 50 day moving average price is $0.86 and its 200 day moving average price is $0.83. The firm’s market cap is $27.10 million.
TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. TheStreet had a negative return on equity of 4.43% and a negative net margin of 24.24%. 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 earned ($0.10) earnings per share. On average, equities research analysts expect that TheStreet will post ($0.06) earnings per share for the current year.
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Several large investors have recently made changes to their positions in TST. Renaissance Technologies LLC increased its stake 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. Punch & Associates Investment Management Inc. increased its stake 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. HighTower Advisors LLC increased its stake 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. 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 valued at $2,568,000 after buying an additional 200,000 shares during the period. Finally, B. Riley Financial Inc. acquired a new stake in shares of TheStreet during the first quarter valued at $546,000. Institutional investors and hedge funds own 49.85% of the company’s stock.
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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