TheStreet (NASDAQ:TST) Downgraded to “Hold” at Lake Street Capital

TheStreet (NASDAQ:TST) was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports. They currently have a $6.33 price target on the information services provider’s stock, down from their previous price target of $9.00. Lake Street Capital’s price objective suggests a potential upside of 4.46% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, March 5th. B. Riley reaffirmed a “buy” rating on shares of TheStreet in a report on Wednesday, March 13th. ValuEngine cut shares of TheStreet from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, Northland Securities upped their price target on shares of TheStreet from $3.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TheStreet presently has an average rating of “Hold” and an average price target of $17.83.

TheStreet stock traded up $0.38 during midday trading on Wednesday, reaching $6.06. The stock had a trading volume of 399,049 shares, compared to its average volume of 19,762. TheStreet has a 12 month low of $5.48 and a 12 month high of $25.00. The firm has a market capitalization of $30.95 million, a price-to-earnings ratio of -10.10 and a beta of 0.19.

TheStreet (NASDAQ:TST) last announced its earnings results on Tuesday, May 14th. The information services provider reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. TheStreet had a negative return on equity of 2.61% and a net margin of 143.87%. The firm had revenue of $6.69 million for the quarter, compared to the consensus estimate of $9.37 million. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, sell-side analysts predict that TheStreet will post -1.49 earnings per share for the current fiscal year.

In other news, major shareholder Cannell Capital Llc bought 11,989 shares of TheStreet stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $6.71 per share, with a total value of $80,446.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders bought 15,688 shares of company stock worth $105,742. Insiders own 30.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cannell Capital LLC boosted its position in TheStreet by 0.3% during the first quarter. Cannell Capital LLC now owns 5,635,701 shares of the information services provider’s stock valued at $13,131,000 after buying an additional 15,294 shares during the period. B. Riley Financial Inc. lifted its holdings in TheStreet by 1,524.9% in the fourth quarter. B. Riley Financial Inc. now owns 3,815,261 shares of the information services provider’s stock worth $7,745,000 after buying an additional 3,580,461 shares during the period. Renaissance Technologies LLC increased its stake in shares of TheStreet by 0.8% during the first quarter. Renaissance Technologies LLC now owns 2,804,558 shares of the information services provider’s stock valued at $6,535,000 after purchasing an additional 22,400 shares in the last quarter. Impax Asset Management Group plc increased its stake in shares of TheStreet by 28.5% during the fourth quarter. Impax Asset Management Group plc now owns 2,252,775 shares of the information services provider’s stock valued at $4,573,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of TheStreet by 9.0% during the third quarter. Vanguard Group Inc. now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 123,066 shares in the last quarter.

TheStreet Company Profile

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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