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 report issued 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 issued a $2.10 price objective on shares of TheStreet in a report on Tuesday, August 8th.
TheStreet (NASDAQ:TST) opened at 1.00 on Thursday. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.11. The firm’s market cap is $35.87 million. The firm has a 50-day moving average price of $1.00 and a 200-day moving average price of $0.89.
TheStreet (NASDAQ:TST) last announced its quarterly earnings data 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 net margin of 21.87% and a negative return on equity of 1.30%. The company had revenue of $15.96 million during the quarter, compared to analyst estimates of $15.72 million. On average, analysts expect that TheStreet will post ($0.03) earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of TST. Cannell Capital LLC bought a new stake in TheStreet in the 4th quarter worth approximately $4,373,000. B. Riley Financial Inc. bought a new stake in TheStreet in the 1st quarter worth approximately $546,000. HighTower Advisors LLC grew its position in TheStreet by 5.6% in the 1st quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after purchasing an additional 165,053 shares during the period. Renaissance Technologies LLC grew its position in TheStreet by 7.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the information services provider’s stock worth $1,902,000 after purchasing an additional 102,663 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its position in TheStreet by 2.7% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,864,688 shares of the information services provider’s stock worth $2,797,000 after purchasing an additional 49,838 shares during the period. 46.84% of the stock is 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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