TheStreet (TST) Announces Earnings Results
TheStreet (NASDAQ:TST) issued its earnings results on Wednesday. The information services provider reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), MarketWatch Earnings reports. TheStreet had a net margin of 50.81% and a return on equity of 4.86%. The company had revenue of $13.01 million for the quarter, compared to the consensus estimate of $13.43 million.
TST stock traded down $0.11 during trading on Friday, reaching $1.80. 24,433 shares of the stock were exchanged, compared to its average volume of 155,568. TheStreet has a 1 year low of $1.21 and a 1 year high of $2.50. The company has a market capitalization of $89.28 million, a PE ratio of 22.50 and a beta of 0.53.
Separately, Zacks Investment Research raised shares of TheStreet from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st.
Several institutional investors have recently added to or reduced their stakes in TST. Millennium Management LLC purchased a new stake in shares of TheStreet in the 1st quarter valued at approximately $290,000. Acadian Asset Management LLC raised its stake in shares of TheStreet by 197.0% in the 2nd quarter. Acadian Asset Management LLC now owns 227,532 shares of the information services provider’s stock valued at $496,000 after acquiring an additional 150,910 shares during the period. Joel Isaacson & Co. LLC raised its stake in shares of TheStreet by 126.2% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 115,636 shares of the information services provider’s stock valued at $252,000 after acquiring an additional 64,517 shares during the period. Spark Investment Management LLC raised its stake in shares of TheStreet by 37.4% in the 2nd quarter. Spark Investment Management LLC now owns 125,900 shares of the information services provider’s stock valued at $274,000 after acquiring an additional 34,300 shares during the period. Finally, BlackRock Inc. raised its stake in shares of TheStreet by 6.4% in the 2nd quarter. BlackRock Inc. now owns 1,382,614 shares of the information services provider’s stock valued at $3,015,000 after acquiring an additional 83,417 shares during the period. 48.41% of the stock is currently owned by institutional investors and hedge funds.
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TheStreet Company Profile
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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