Impax Asset Management LLC raised its stake in shares of TheStreet, Inc. (NASDAQ:TST) by 19.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,752,775 shares of the information services provider’s stock after purchasing an additional 281,122 shares during the quarter. Impax Asset Management LLC owned about 3.56% of TheStreet worth $3,821,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Cannell Capital LLC increased its stake in shares of TheStreet by 4.7% in the second quarter. Cannell Capital LLC now owns 2,926,257 shares of the information services provider’s stock worth $6,379,000 after acquiring an additional 131,258 shares during the period. Renaissance Technologies LLC increased its stake in shares of TheStreet by 5.8% in the second quarter. Renaissance Technologies LLC now owns 2,825,900 shares of the information services provider’s stock worth $6,160,000 after acquiring an additional 154,000 shares during the period. BlackRock Inc. increased its stake in shares of TheStreet by 6.4% in the second quarter. BlackRock Inc. now owns 1,382,614 shares of the information services provider’s stock worth $3,015,000 after acquiring an additional 83,417 shares during the period. Spark Investment Management LLC increased its stake in shares of TheStreet by 37.4% in the second quarter. Spark Investment Management LLC now owns 125,900 shares of the information services provider’s stock worth $274,000 after acquiring an additional 34,300 shares during the period. Finally, Joel Isaacson & Co. LLC increased its stake in shares of TheStreet by 126.2% in the second quarter. Joel Isaacson & Co. LLC now owns 115,636 shares of the information services provider’s stock worth $252,000 after acquiring an additional 64,517 shares during the period. Institutional investors and hedge funds own 48.37% of the company’s stock.
TST has been the topic of a number of research reports. B. Riley increased their price objective on shares of TheStreet from $2.75 to $3.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Zacks Investment Research upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. TheStreet currently has an average rating of “Buy” and an average price target of $2.63.
NASDAQ:TST opened at $2.17 on Tuesday. The firm has a market capitalization of $106.64 million, a PE ratio of 35.83 and a beta of 0.41. TheStreet, Inc. has a 1-year low of $0.86 and a 1-year high of $2.50.
TheStreet (NASDAQ:TST) last released its quarterly earnings data on Wednesday, August 8th. The information services provider reported ($0.02) earnings per share for the quarter. The business had revenue of $13.59 million during the quarter, compared to analyst estimates of $15.35 million. TheStreet had a return on equity of 4.86% and a net margin of 50.81%. research analysts forecast that TheStreet, Inc. will post 0.49 EPS for the current fiscal year.
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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