Equities analysts expect TheStreet, Inc. (NASDAQ:TST) to report sales of $16.19 million for the current quarter, Zacks reports. Two analysts have made estimates for TheStreet’s earnings, with the highest sales estimate coming in at $16.43 million and the lowest estimate coming in at $15.95 million. TheStreet posted sales of $15.92 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The company is expected to issue its next earnings report on Friday, March 9th.

On average, analysts expect that TheStreet will report full-year sales of $16.19 million for the current year, with estimates ranging from $62.44 million to $62.92 million. For the next financial year, analysts anticipate that the business will post sales of $65.03 million per share, with estimates ranging from $64.41 million to $65.64 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for TheStreet.

TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. TheStreet had a positive return on equity of 1.04% and a negative net margin of 19.60%. During the same quarter in the previous year, the firm posted ($0.03) EPS.

Several equities analysts have recently issued reports on TST shares. Lake Street Capital boosted their price objective on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research raised TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Tuesday, October 24th. ValuEngine raised TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Northland Securities started coverage on TheStreet in a report on Wednesday. They issued an “outperform” rating and a $3.00 price objective for the company. Finally, B. Riley set a $2.00 price objective on TheStreet and gave the company a “buy” rating in a report on Monday, November 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TheStreet currently has a consensus rating of “Buy” and an average price target of $2.31.

Shares of TheStreet (NASDAQ TST) traded up $0.02 during mid-day trading on Friday, hitting $1.46. The stock had a trading volume of 98,889 shares, compared to its average volume of 236,866. The firm has a market cap of $71.56, a PE ratio of 73.00 and a beta of 0.94. TheStreet has a fifty-two week low of $0.61 and a fifty-two week high of $1.64.

TheStreet declared that its board has authorized a share repurchase program on Monday, November 13th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In other TheStreet news, Director Kevin Rendino purchased 50,000 shares of TheStreet stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average price of $1.38 per share, with a total value of $69,000.00. Following the acquisition, the director now owns 64,745 shares of the company’s stock, valued at approximately $89,348.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Zacharias purchased 20,000 shares of TheStreet stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $1.40 per share, with a total value of $28,000.00. Following the acquisition, the director now directly owns 203,977 shares in the company, valued at approximately $285,567.80. The disclosure for this purchase can be found here. Insiders purchased a total of 163,150 shares of company stock valued at $221,738 in the last ninety days. 9.70% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC purchased a new position in TheStreet, Inc. (NASDAQ:TST) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned 0.57% of TheStreet at the end of the most recent quarter. 32.91% of the stock is owned by hedge funds and other institutional investors.

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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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