Zacks: TheStreet, Inc. (TST) Receives Average Rating of “Strong Buy” from Analysts
TheStreet, Inc. (NASDAQ:TST) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price target of $2.83 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given TheStreet an industry rank of 182 out of 265 based on the ratings given to related companies.
TST has been the topic of a number of research reports. Northland Securities initiated coverage on shares of TheStreet in a report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 target price on the stock. Lake Street Capital increased their target price on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a report on Tuesday, October 24th. ValuEngine upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, B. Riley set a $2.00 price objective on shares of TheStreet and gave the company a “buy” rating in a report on Monday, November 13th.
TheStreet (NASDAQ:TST) last released its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. The company had revenue of $15.25 million for the quarter, compared to analyst estimates of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same period in the prior year, the business earned ($0.03) EPS. research analysts predict that TheStreet will post -0.01 EPS for the current fiscal year.
TheStreet announced that its Board of Directors has authorized a share buyback plan on Monday, November 13th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In related news, Director Kevin Rendino bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average cost of $1.38 per share, with a total value of $69,000.00. Following the transaction, the director now directly owns 64,745 shares of the company’s stock, valued at approximately $89,348.10. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen Zacharias bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of $1.40 per share, for a total transaction of $28,000.00. Following the completion of the transaction, the director now directly owns 203,977 shares in the company, valued at $285,567.80. The disclosure for this purchase can be found here. Insiders bought a total of 163,150 shares of company stock worth $221,738 over the last 90 days. Company insiders own 9.70% of the company’s stock.
An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC bought a new stake in TheStreet, Inc. (NASDAQ:TST) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned about 0.57% of TheStreet at the end of the most recent reporting period. Institutional investors own 32.86% 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.
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