Lawrence S. Kramer Purchases 25,000 Shares of TheStreet Inc. (TST) Stock
TheStreet Inc. (NASDAQ:TST) Director Lawrence S. Kramer purchased 25,000 shares of TheStreet stock in a transaction dated Tuesday, November 15th. The stock was bought at an average price of $0.89 per share, for a total transaction of $22,250.00. Following the completion of the purchase, the director now owns 8,652 shares in the company, valued at approximately $7,700.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TheStreet Inc. (NASDAQ:TST) opened at 0.8879 on Monday. The company’s market cap is $31.30 million. The company has a 50-day moving average of $0.99 and a 200-day moving average of $1.12. TheStreet Inc. has a one year low of $0.82 and a one year high of $1.74.
TheStreet (NASDAQ:TST) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $15.20 million for the quarter, compared to analysts’ expectations of $16.07 million. During the same period in the prior year, the business posted $0.03 earnings per share. Equities research analysts expect that TheStreet Inc. will post ($0.21) EPS for the current fiscal year.
An institutional investor recently raised its position in TheStreet stock. HighTower Advisors LLC increased its stake in shares of TheStreet Inc. (NASDAQ:TST) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,825,412 shares of the company’s stock after buying an additional 21,000 shares during the period. HighTower Advisors LLC owned approximately 8.01% of TheStreet worth $3,193,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 58.05% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of TheStreet from a “hold” rating to a “sell” rating in a research note on Saturday, August 6th. B. Riley restated a “buy” rating and issued a $2.10 price target on shares of TheStreet in a research note on Wednesday, August 3rd.
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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