TheStreet, Inc. (TST) Expected to Post Quarterly Sales of $15.62 Million
Brokerages predict that TheStreet, Inc. (NASDAQ:TST) will announce $15.62 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for TheStreet’s earnings, with the highest sales estimate coming in at $15.91 million and the lowest estimate coming in at $15.34 million. TheStreet reported sales of $15.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The business is expected to announce its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that TheStreet will report full year sales of $15.62 million for the current fiscal year, with estimates ranging from $64.46 million to $64.68 million. For the next fiscal year, analysts expect that the company will post sales of $68.03 million per share, with estimates ranging from $67.36 million to $68.71 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover TheStreet.
A number of equities research analysts have issued reports on TST shares. ValuEngine upgraded TheStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Lake Street Capital raised their price objective on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Northland Securities started coverage on TheStreet in a research report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 price objective for the company. Zacks Investment Research upgraded TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 price objective for the company in a research report on Friday, March 9th. Finally, B. Riley restated a “buy” rating and set a $3.00 price objective on shares of TheStreet in a research report on Friday, March 2nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $2.63.
Several institutional investors have recently modified their holdings of TST. Technology Crossover Management VI L.L.C. purchased a new position in shares of TheStreet during the fourth quarter valued at about $8,700,000. Renaissance Technologies LLC grew its position in shares of TheStreet by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock valued at $3,359,000 after purchasing an additional 261,593 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of TheStreet by 48.4% during the fourth quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 60,336 shares in the last quarter. Hedge funds and other institutional investors own 44.15% 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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