TheStreet, Inc. (TST) Stock Rating Lowered by Zacks Investment Research
TheStreet, Inc. (NASDAQ:TST) was downgraded by Zacks Investment Research from a “buy” 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 restated a “buy” rating and set a $2.10 price target on shares of TheStreet in a research note on Friday, July 28th.
TheStreet (NASDAQ TST) traded down 0.95% during mid-day trading on Thursday, reaching $1.04. 93,966 shares of the company traded hands. TheStreet has a 12-month low of $0.61 and a 12-month high of $1.13. The company’s 50 day moving average price is $0.99 and its 200 day moving average price is $0.88. The firm’s market capitalization is $37.30 million.
TheStreet (NASDAQ:TST) last released its earnings results on Tuesday, August 1st. The information services provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. TheStreet had a negative return on equity of 1.30% and a negative net margin of 21.87%. The business had revenue of $15.96 million for the quarter, compared to analyst estimates of $15.72 million. Equities research analysts predict that TheStreet will post ($0.03) EPS for the current year.
A hedge fund recently raised its stake in TheStreet stock. HighTower Advisors LLC boosted its stake in shares of TheStreet, Inc. (NASDAQ:TST) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100,465 shares of the information services provider’s stock after purchasing an additional 165,053 shares during the quarter. HighTower Advisors LLC owned about 8.70% of TheStreet worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 46.84% 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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