Shares of TheStreet, Inc. (NASDAQ:TST) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $3.00 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given TheStreet an industry rank of 193 out of 255 based on the ratings given to its competitors.
Several research firms have recently weighed in on TST. Zacks Investment Research upgraded TheStreet from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. B. Riley upped their price objective on TheStreet from $2.75 to $3.00 and gave the company a “buy” rating in a research note on Monday, July 16th.
TheStreet (NASDAQ:TST) last released its quarterly earnings data on Wednesday, August 8th. The information services provider reported ($0.02) earnings per share for the quarter. TheStreet had a net margin of 50.81% and a return on equity of 4.86%. The company had revenue of $13.59 million during the quarter, compared to the consensus estimate of $15.35 million. On average, equities analysts anticipate that TheStreet will post -0.06 EPS for the current fiscal year.
In other TheStreet news, major shareholder Jay C. Hoag sold 1,755,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available at this link. 9.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of TST. Spark Investment Management LLC lifted 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 purchasing an additional 34,300 shares during the period. Joel Isaacson & Co. LLC lifted 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 purchasing an additional 64,517 shares during the period. BlackRock Inc. lifted 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 purchasing an additional 83,417 shares during the period. Cannell Capital LLC lifted its stake in shares of TheStreet by 4.7% in the 2nd quarter. Cannell Capital LLC now owns 2,926,257 shares of the information services provider’s stock valued at $6,379,000 after purchasing an additional 131,258 shares during the period. Finally, Acadian Asset Management LLC lifted 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 purchasing an additional 150,910 shares during the period. 48.37% of the stock is currently owned by hedge funds and other institutional investors.
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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