TheStreet Inc. (TST) Stock Rating Upgraded by Zacks Investment Research
TheStreet Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution. “
Separately, B. Riley restated a “buy” rating and issued a $2.25 price objective on shares of TheStreet in a report on Friday, July 29th.
TheStreet (NASDAQ:TST) opened at 1.10 on Thursday. TheStreet has a 1-year low of $0.82 and a 1-year high of $1.77. The company has a 50-day moving average of $1.15 and a 200 day moving average of $1.17. The stock’s market cap is $38.78 million.
TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Monday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $16.30 million for the quarter, compared to analyst estimates of $16.74 million. TheStreet had a negative net margin of 6.89% and a negative return on equity of 6.10%. During the same period in the previous year, the firm earned ($0.02) EPS. Analysts predict that TheStreet will post ($0.20) EPS for the current year.
In other TheStreet news, Director James J. Cramer purchased 30,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were bought at an average cost of $1.22 per share, for a total transaction of $36,600.00. Following the completion of the purchase, the director now directly owns 2,801,635 shares of the company’s stock, valued at $3,417,994.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James J. Cramer purchased 21,300 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were acquired at an average price of $1.20 per share, for a total transaction of $25,560.00. Following the completion of the purchase, the director now directly owns 2,872,626 shares of the company’s stock, valued at $3,447,151.20. The disclosure for this purchase can be found here. Company insiders own 9.70% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of TheStreet by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the company’s stock worth $1,902,000 after buying an additional 102,663 shares during the period. HighTower Advisors LLC raised its stake in shares of TheStreet by 0.7% in the second quarter. HighTower Advisors LLC now owns 2,825,412 shares of the company’s stock worth $3,193,000 after buying an additional 21,000 shares during the period. Finally, Cannell Capital LLC raised its stake in shares of TheStreet by 10.5% in the second quarter. Cannell Capital LLC now owns 3,220,366 shares of the company’s stock worth $3,639,000 after buying an additional 305,012 shares during the period. Institutional investors own 58.35% of the company’s stock.
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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