TheStreet, Inc. (TST) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of TheStreet, Inc. (NASDAQ:TST) from a hold rating to a buy rating in a research note published on Wednesday. The brokerage currently has $1.25 target price on the information services provider’s stock.
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 target price on shares of TheStreet in a report on Tuesday, August 8th.
Shares of TheStreet (NASDAQ:TST) traded up 5.56% on Wednesday, reaching $1.05. 51,706 shares of the company’s stock traded hands. The stock’s market capitalization is $37.66 million. TheStreet has a 52 week low of $0.61 and a 52 week high of $1.13. The stock’s 50-day moving average price is $0.98 and its 200-day moving average price is $0.88.
TheStreet (NASDAQ:TST) last posted its quarterly earnings results on Tuesday, August 1st. The information services provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $15.96 million during the quarter, compared to analysts’ expectations of $15.72 million. TheStreet had a return on equity of 3.27% and a net margin of 2.16%. Equities analysts predict that TheStreet will post ($0.03) EPS for the current year.
A hedge fund recently raised its stake in TheStreet stock. Renaissance Technologies LLC raised its holdings in TheStreet, Inc. (NASDAQ:TST) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,743,100 shares of the information services provider’s stock after purchasing an additional 24,700 shares during the period. Renaissance Technologies LLC owned about 4.89% of TheStreet worth $1,325,000 as of its most recent SEC filing. Institutional investors own 46.84% 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.
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