Brokerages Anticipate TheStreet, Inc. (TST) to Announce $0.01 Earnings Per Share
TheStreet, Inc. (NASDAQ:TST) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price target of $2.83 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given TheStreet an industry rank of 182 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on TST. Zacks Investment Research cut shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. B. Riley set a $2.00 target price on shares of TheStreet and gave the stock a “buy” rating in a research report on Monday, November 13th. ValuEngine upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Lake Street Capital lifted their price target on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Northland Securities began coverage on shares of TheStreet in a report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 price target for the company.
A hedge fund recently bought a new stake in TheStreet stock. Essex Investment Management Co. LLC bought a new position in shares of TheStreet, Inc. (NASDAQ:TST) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent quarter. Institutional investors own 32.86% of the company’s stock.
Shares of TheStreet (NASDAQ:TST) remained flat at $$1.49 during midday trading on Wednesday. 161,600 shares of the stock traded hands, compared to its average volume of 132,520. TheStreet has a one year low of $0.61 and a one year high of $1.64. The stock has a market cap of $73.03, a price-to-earnings ratio of -4.38 and a beta of 0.94.
TheStreet (NASDAQ:TST) last announced its quarterly earnings data 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. The firm had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same quarter last year, the business earned ($0.03) earnings per share. research analysts predict that TheStreet will post -0.01 EPS for the current year.
TheStreet announced that its board has initiated a share repurchase plan on Monday, November 13th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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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