TheStreet (NASDAQ:TST) will post its quarterly earnings results before the market opens on Thursday, March 8th. Analysts expect TheStreet to post earnings of $0.01 per share for the quarter.
Shares of TheStreet (NASDAQ:TST) opened at $1.25 on Thursday. TheStreet has a one year low of $0.61 and a one year high of $1.70. The firm has a market cap of $66.66, a price-to-earnings ratio of -3.91 and a beta of 0.82.
TheStreet announced that its Board of Directors has authorized a stock repurchase program on Monday, November 13th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Stephen Zacharias purchased 20,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $1.40 per share, with a total value of $28,000.00. Following the completion of the transaction, the director now owns 203,977 shares of the company’s stock, valued at approximately $285,567.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.70% of the company’s stock.
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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