Insider Buying: TheStreet Inc. (TST) Director Acquires 25,000 Shares of Stock
TheStreet Inc. (NASDAQ:TST) Director Lawrence S. Kramer purchased 25,000 shares of the business’s stock in a transaction on Monday, November 28th. The shares were acquired at an average price of $0.88 per share, for a total transaction of $22,000.00. Following the completion of the acquisition, the director now directly owns 8,652 shares in the company, valued at approximately $7,613.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of TheStreet Inc. (NASDAQ:TST) traded down 1.14% during trading on Tuesday, hitting $0.87. The company had a trading volume of 591 shares. The firm’s market capitalization is $30.67 million. TheStreet Inc. has a 1-year low of $0.82 and a 1-year high of $1.74. The company’s 50 day moving average is $0.96 and its 200 day moving average is $1.11.
TheStreet (NASDAQ:TST) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. The company had revenue of $15.20 million for the quarter, compared to analysts’ expectations of $16.07 million. TheStreet had a negative return on equity of 8.41% and a negative net margin of 9.49%. During the same period last year, the firm posted $0.03 EPS. Analysts anticipate that TheStreet Inc. will post ($0.21) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Insider Buying: TheStreet Inc. (TST) Director Acquires 25,000 Shares of Stock” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/29/insider-buying-thestreet-inc-tst-director-acquires-25000-shares-of-stock.html.
A number of equities analysts recently issued reports on TST shares. Zacks Investment Research upgraded TheStreet from a “sell” rating to a “hold” rating in a report on Friday, September 16th. B. Riley reiterated a “buy” rating and issued a $1.80 target price on shares of TheStreet in a report on Monday, November 7th.
A hedge fund recently raised its stake in TheStreet stock. HighTower Advisors LLC boosted its position in shares of TheStreet Inc. (NASDAQ:TST) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,935,412 shares of the company’s stock after buying an additional 110,000 shares during the period. HighTower Advisors LLC owned 8.33% of TheStreet worth $3,230,000 at the end of the most recent quarter. Institutional investors and hedge funds own 58.41% of the company’s stock.
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.