Stephen Zacharias Purchases 25,000 Shares of TheStreet Inc. (TST) Stock
TheStreet Inc. (NASDAQ:TST) Director Stephen Zacharias acquired 25,000 shares of the stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of $0.94 per share, for a total transaction of $23,500.00. Following the completion of the purchase, the director now directly owns 99,376 shares in the company, valued at $93,413.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TheStreet Inc. (NASDAQ:TST) opened at 0.92 on Thursday. The firm’s market cap is $32.43 million. The company has a 50-day moving average of $1.03 and a 200-day moving average of $1.13. TheStreet Inc. has a 52 week low of $0.82 and a 52 week high of $1.75.
TheStreet (NASDAQ:TST) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business earned $15.20 million during the quarter, compared to analysts’ expectations of $16.07 million. TheStreet had a negative net margin of 9.49% and a negative return on equity of 8.41%. During the same period last year, the company posted $0.03 earnings per share. Equities research analysts forecast that TheStreet Inc. will post ($0.21) earnings per share for the current fiscal year.
Several research analysts have recently weighed in on TST shares. Zacks Investment Research upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a research note on Thursday, October 6th. B. Riley restated a “buy” rating and set a $2.10 price objective on shares of TheStreet in a research note on Friday, October 28th.
An institutional investor recently raised its position in TheStreet stock. HighTower Advisors LLC increased its position in TheStreet Inc. (NASDAQ:TST) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,825,412 shares of the company’s stock after buying an additional 21,000 shares during the period. HighTower Advisors LLC owned 8.01% of TheStreet worth $3,193,000 at the end of the most recent reporting period. 58.35% of the stock is owned by hedge funds and other institutional investors.
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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