TheStreet, Inc. (NASDAQ:TST) major shareholder Jay C. Hoag sold 1,755,000 shares of the company’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $2.00, for a total transaction of $3,510,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of TST stock opened at $2.02 on Friday. TheStreet, Inc. has a one year low of $0.87 and a one year high of $2.50. The stock has a market cap of $106.15 million, a P/E ratio of 35.67 and a beta of 0.42.
TheStreet (NASDAQ:TST) last announced its quarterly earnings data on Wednesday, August 8th. The information services provider reported ($0.02) EPS for the quarter. TheStreet had a net margin of 50.81% and a return on equity of 4.86%. The firm had revenue of $13.59 million for the quarter, compared to analysts’ expectations of $15.35 million. As a group, equities analysts predict that TheStreet, Inc. will post -0.06 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Saturday, July 21st. B. Riley increased their price objective on shares of TheStreet from $2.75 to $3.00 and gave the company a “buy” rating in a research report on Monday, July 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $2.63.
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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