B. Riley Brokers Reduce Earnings Estimates for TheStreet, Inc. (TST)

TheStreet, Inc. (NASDAQ:TST) – Equities researchers at B. Riley cut their Q4 2017 earnings per share (EPS) estimates for TheStreet in a report issued on Tuesday. B. Riley analyst K. Anderson now forecasts that the information services provider will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.03. B. Riley currently has a “Buy” rating and a $2.00 price target on the stock. B. Riley also issued estimates for TheStreet’s Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS and Q4 2018 earnings at $0.01 EPS.

A number of other equities analysts have also recently issued reports on TST. Zacks Investment Research cut TheStreet from a “buy” rating to a “hold” rating in a report on Friday, July 21st. ValuEngine upgraded TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Lake Street Capital boosted their price objective on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday.

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TheStreet (NASDAQ TST) traded up $0.04 on Friday, reaching $1.35. The company had a trading volume of 77,495 shares, compared to its average volume of 94,007. TheStreet has a one year low of $0.61 and a one year high of $1.56. The stock has a market cap of $46.63, a PE ratio of 65.00 and a beta of 0.74.

TheStreet (NASDAQ:TST) last posted its quarterly earnings data 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 positive return on equity of 1.05% and a negative net margin of 19.60%. The company had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. During the same quarter in the previous year, the business earned ($0.03) EPS.

A hedge fund recently bought a new stake in TheStreet stock. Essex Investment Management Co. LLC purchased a new position in TheStreet, Inc. (NASDAQ:TST) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned approximately 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.

In other news, Director Stephen Zacharias bought 30,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $1.32 per share, for a total transaction of $39,600.00. Following the acquisition, the director now owns 191,376 shares of the company’s stock, valued at $252,616.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.70% of the stock is currently owned by corporate insiders.

TheStreet declared that its board has approved a stock buyback program on Monday, November 13th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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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