$16.19 Million in Sales Expected for TheStreet, Inc. (TST) This Quarter

Equities research analysts predict that TheStreet, Inc. (NASDAQ:TST) will announce sales of $16.19 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TheStreet’s earnings. The lowest sales estimate is $15.95 million and the highest is $16.43 million. TheStreet posted sales of $15.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The company is scheduled to report its next quarterly earnings report on Friday, March 9th.

On average, analysts expect that TheStreet will report full-year sales of $16.19 million for the current fiscal year, with estimates ranging from $62.44 million to $62.92 million. For the next financial year, analysts forecast that the business 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 analysts that that provide coverage for TheStreet.

TheStreet (NASDAQ:TST) last issued its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. TheStreet had a positive return on equity of 1.04% and a negative net margin of 19.60%. The company had revenue of $15.25 million for the quarter, compared to analyst estimates of $15.73 million. During the same period in the prior year, the firm earned ($0.03) earnings per share.

A number of brokerages have recently weighed in on TST. ValuEngine raised TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered TheStreet from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Northland Securities began coverage on TheStreet in a research report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 target price on the stock. Lake Street Capital upped their target price on TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, B. Riley set a $2.00 target price on TheStreet and gave the stock a “buy” rating in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TheStreet presently has a consensus rating of “Buy” and a consensus price target of $2.31.

TheStreet (NASDAQ:TST) opened at $1.30 on Monday. TheStreet has a 12-month low of $0.61 and a 12-month high of $1.64. The firm has a market capitalization of $63.72, a P/E ratio of -3.71 and a beta of 0.82.

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

In related news, Director Kevin Rendino purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average cost of $1.38 per share, with a total value of $69,000.00. Following the transaction, the director now owns 64,745 shares of the company’s stock, valued at approximately $89,348.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Zacharias purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $1.32 per share, with a total value of $39,600.00. Following the completion of the transaction, the director now directly owns 191,376 shares in the company, valued at approximately $252,616.32. The disclosure for this purchase can be found here. Insiders have bought 163,150 shares of company stock worth $221,738 over the last ninety days. 9.70% of the stock is owned by insiders.

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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned about 0.57% of TheStreet at the end of the most recent quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

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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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