Equities analysts expect that TheStreet, Inc. (NASDAQ:TST) will post $16.19 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for TheStreet’s earnings. The highest sales estimate is $16.43 million and the lowest is $15.95 million. TheStreet reported sales of $15.92 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is expected to issue its next earnings report on Friday, March 9th.

According to Zacks, analysts expect that TheStreet will report full year sales of $16.19 million for the current year, with estimates ranging from $62.44 million to $62.92 million. For the next fiscal year, analysts expect that the company will post sales of $65.03 million per share, with estimates ranging from $64.41 million to $65.64 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for TheStreet.

TheStreet (NASDAQ:TST) last announced its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The company 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 in the previous year, the business posted ($0.03) earnings per share.

A number of brokerages have recently 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 19th. B. Riley set a $2.00 price objective on shares of TheStreet and gave the stock a “buy” rating in a research report on Monday, November 13th. Northland Securities began coverage on shares of TheStreet in a research report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 price objective for the company. Lake Street Capital upped their price objective on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $2.31.

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

An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC acquired a new stake in TheStreet, Inc. (NASDAQ:TST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned 0.57% of TheStreet at the end of the most recent reporting period. 32.86% of the stock is currently owned by institutional investors.

Shares of TheStreet (NASDAQ:TST) opened at $1.46 on Friday. The stock has a market cap of $72.54, a PE ratio of -4.17 and a beta of 0.94. TheStreet has a 52-week low of $0.61 and a 52-week high of $1.64.

TheStreet announced that its board has authorized a stock buyback program on Monday, November 13th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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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