Analysts at Northland Securities began coverage on shares of TheStreet (NASDAQ:TST) in a research report issued on Wednesday. The firm set an “outperform” rating and a $3.00 price target on the information services provider’s stock. Northland Securities’ price target would suggest a potential upside of 114.29% from the stock’s current price.

TST has been the topic of several other research reports. ValuEngine upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Lake Street Capital increased their price objective on shares of TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, B. Riley set a $2.00 price objective on shares of TheStreet and gave the company a “buy” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $2.31.

Shares of TheStreet (TST) traded down $0.02 during mid-day trading on Wednesday, hitting $1.40. 133,500 shares of the stock traded hands, compared to its average volume of 105,329. The stock has a market cap of $68.62, a price-to-earnings ratio of 71.00 and a beta of 0.94. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.64.

TheStreet (NASDAQ:TST) last posted its quarterly earnings results on Monday, November 13th. The information services provider reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. The firm had revenue of $15.25 million for the quarter, compared to analyst estimates of $15.73 million. During the same quarter last year, the firm posted ($0.03) earnings per share. equities analysts expect that TheStreet will post -0.01 earnings per share for the current year.

TheStreet declared that its Board of Directors has authorized a share buyback program on Monday, November 13th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

In related news, Director Stephen Zacharias bought 20,000 shares of TheStreet stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $1.40 per share, for a total transaction of $28,000.00. Following the acquisition, the director now owns 203,977 shares in the company, valued at $285,567.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin Rendino acquired 50,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were purchased at an average price of $1.38 per share, for a total transaction of $69,000.00. Following the completion of the transaction, the director now owns 64,745 shares of the company’s stock, valued at approximately $89,348.10. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 163,150 shares of company stock worth $221,738. Company insiders own 9.70% of the company’s stock.

An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC purchased a new stake in TheStreet, Inc. (NASDAQ:TST) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned approximately 0.57% of TheStreet as of its most recent SEC filing. Hedge funds and other institutional investors own 32.91% of the company’s stock.

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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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