TheStreet Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution. “
Separately, B. Riley reaffirmed a “buy” rating and set a $2.10 target price on shares of TheStreet in a research note on Wednesday, August 3rd.
Shares of TheStreet (NASDAQ:TST) opened at 1.13 on Thursday. The firm’s market cap is $39.84 million. TheStreet has a 52-week low of $0.82 and a 52-week high of $1.77. The stock’s 50 day moving average is $1.17 and its 200-day moving average is $1.17.
TheStreet (NASDAQ:TST) last released its earnings results on Monday, August 1st. The company reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). TheStreet had a negative return on equity of 6.10% and a negative net margin of 6.89%. The company had revenue of $16.30 million for the quarter, compared to analysts’ expectations of $16.74 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Equities analysts anticipate that TheStreet will post ($0.20) earnings per share for the current fiscal year.
In other news, Director James J. Cramer purchased 30,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $1.22 per share, with a total value of $36,600.00. Following the purchase, the director now owns 2,801,635 shares in the company, valued at approximately $3,417,994.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence S. Kramer purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $1.22 per share, with a total value of $30,500.00. Following the purchase, the director now owns 8,652 shares in the company, valued at approximately $10,555.44. The disclosure for this purchase can be found here. 9.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of TheStreet by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the company’s stock valued at $1,902,000 after buying an additional 102,663 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of TheStreet by 0.7% in the second quarter. HighTower Advisors LLC now owns 2,825,412 shares of the company’s stock valued at $3,193,000 after buying an additional 21,000 shares during the last quarter. Finally, Cannell Capital LLC boosted its stake in shares of TheStreet by 10.5% in the second quarter. Cannell Capital LLC now owns 3,220,366 shares of the company’s stock valued at $3,639,000 after buying an additional 305,012 shares during the last quarter. 58.35% of the stock is owned by institutional investors and hedge funds.
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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