TheStreet Inc. (TST) Stock Rating Lowered by Zacks Investment Research
TheStreet Inc. (NASDAQ:TST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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 reiterated a “buy” rating and set a $2.25 target price on shares of TheStreet in a research report on Friday, July 29th.
TheStreet (NASDAQ:TST) opened at 0.92 on Tuesday. The firm’s 50-day moving average price is $1.03 and its 200-day moving average price is $1.13. TheStreet has a 12 month low of $0.82 and a 12 month high of $1.75. The stock’s market cap is $32.43 million.
TheStreet (NASDAQ:TST) last posted its earnings results on Tuesday, November 1st. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.01. TheStreet had a negative return on equity of 8.41% and a negative net margin of 9.49%. The business had revenue of $15.20 million for the quarter, compared to analysts’ expectations of $16.07 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, analysts predict that TheStreet will post ($0.21) earnings per share for the current year.
In related news, Director James J. Cramer purchased 21,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were purchased at an average price of $1.20 per share, for a total transaction of $25,560.00. Following the transaction, the director now directly owns 2,872,626 shares of the company’s stock, valued at approximately $3,447,151.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.70% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in TheStreet stock. HighTower Advisors LLC raised its stake in TheStreet Inc. (NASDAQ:TST) by 0.7% during the second quarter, according to its most recent 13F filing 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 about 8.01% of TheStreet worth $3,193,000 as of its most recent filing with the SEC. 58.35% of the stock is currently 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.
Receive News & Stock Ratings for TheStreet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TheStreet Inc. and related stocks with our FREE daily email newsletter.