Shares of TheStreet, Inc. (NASDAQ:TST) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $2.83 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TheStreet an industry rank of 198 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on TST. Zacks Investment Research cut TheStreet from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. B. Riley set a $2.00 target price on TheStreet and gave the company a “buy” rating in a research report on Monday, November 13th. Northland Securities started coverage on TheStreet in a research report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 price target on the stock. Lake Street Capital boosted their target price on TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, ValuEngine raised TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.
In related news, Director Stephen Zacharias purchased 20,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was purchased at an average cost of $1.40 per share, with a total value of $28,000.00. Following the completion of the acquisition, the director now directly owns 203,977 shares of the company’s stock, valued at $285,567.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin Rendino purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $1.38 per share, with a total value of $69,000.00. Following the completion of the acquisition, the director now directly owns 64,745 shares of the company’s stock, valued at $89,348.10. The disclosure for this purchase can be found here. In the last three months, insiders bought 163,150 shares of company stock valued at $221,738. Insiders own 9.70% of the company’s stock.
A hedge fund recently bought a new stake in TheStreet stock. Essex Investment Management Co. LLC purchased a new position in shares of TheStreet, Inc. (NASDAQ:TST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing. 32.86% of the stock is owned by institutional investors and hedge funds.
Shares of TheStreet (NASDAQ TST) traded down $0.03 during trading on Friday, reaching $1.45. The company’s stock had a trading volume of 48,786 shares, compared to its average volume of 105,133. TheStreet has a 52-week low of $0.61 and a 52-week high of $1.64. The company has a market capitalization of $71.07, a PE ratio of -4.26 and a beta of 0.94.
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 consensus estimate of ($0.02) by $0.03. The business had revenue of $15.25 million for the quarter, compared to analysts’ expectations of $15.73 million. TheStreet had a positive return on equity of 1.04% and a negative net margin of 19.60%. During the same quarter last year, the business earned ($0.03) earnings per share. analysts predict that TheStreet will post -0.01 earnings per share for the current fiscal year.
TheStreet declared that its Board of Directors has initiated a share repurchase program on Monday, November 13th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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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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