TheStreet, Inc. (TST) Price Target Raised to $3.00 at Lake Street Capital

TheStreet, Inc. (NASDAQ:TST) had its price objective boosted by Lake Street Capital from $2.00 to $3.00 in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the information services provider’s stock. Lake Street Capital’s target price indicates a potential upside of 140.00% from the stock’s current price.

TST has been the topic of a number of other research reports. Zacks Investment Research cut TheStreet from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 6th. ValuEngine upgraded TheStreet from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, B. Riley set a $2.00 price objective on TheStreet and gave the stock a “buy” rating in a research note on Monday.

Shares of TheStreet (NASDAQ:TST) opened at $1.25 on Tuesday. TheStreet has a 1 year low of $0.61 and a 1 year high of $1.56.

TheStreet (NASDAQ:TST) last posted its quarterly earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. TheStreet had a negative return on equity of 1.30% and a negative net margin of 21.87%. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. analysts forecast that TheStreet will post -0.01 EPS for the current fiscal year.

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An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC bought a new stake in shares of TheStreet, Inc. (NASDAQ:TST) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. Hedge funds and other institutional investors own 46.68% of the company’s stock.

About TheStreet

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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