TheStreet, Inc. (TST) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of TheStreet, Inc. (NASDAQ:TST) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning.
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 $2.10 price target on shares of TheStreet in a research note on Tuesday, August 8th.
Shares of TheStreet (NASDAQ TST) opened at 1.08 on Friday. The stock’s market capitalization is $38.74 million. The stock’s 50 day moving average is $0.94 and its 200 day moving average is $0.86. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.13.
TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Tuesday, August 1st. The information services provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. TheStreet had a negative net margin of 21.87% and a negative return on equity of 1.30%. The business had revenue of $15.96 million for the quarter, compared to analyst estimates of $15.72 million. On average, equities analysts forecast that TheStreet will post ($0.03) EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC grew its position in TheStreet by 5.6% during the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after buying an additional 165,053 shares during the period. Renaissance Technologies LLC grew its position in TheStreet by 1.4% during the first quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock worth $1,325,000 after buying an additional 24,700 shares during the period. Finally, Cannell Capital LLC grew its position in TheStreet by 6.3% during the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock worth $2,568,000 after buying an additional 200,000 shares during the period. Institutional investors own 46.84% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.