TheStreet, Inc. (NASDAQ:TST) – B. Riley boosted their Q4 2018 earnings estimates for shares of TheStreet in a report issued on Wednesday. B. Riley analyst K. Anderson now expects that the information services provider will post earnings per share of $0.02 for the quarter, up from their previous estimate of $0.01. B. Riley has a “Buy” rating and a $3.00 price objective on the stock. B. Riley also issued estimates for TheStreet’s FY2019 earnings at $0.07 EPS.
A number of other analysts have also weighed in on TST. Zacks Investment Research upgraded TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 target price for the company in a report on Friday. ValuEngine upgraded TheStreet from a “hold” rating to a “buy” rating in a report on Wednesday. Lake Street Capital upped 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, Northland Securities assumed coverage on TheStreet in a report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 target price for the company. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $2.63.
Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of TheStreet by 48.4% during the 4th quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 60,336 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of TheStreet by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock valued at $3,359,000 after purchasing an additional 261,593 shares during the last quarter. Finally, Technology Crossover Management VI L.L.C. purchased a new stake in shares of TheStreet during the 4th quarter valued at $8,700,000. Hedge funds and other institutional investors own 44.15% of the company’s stock.
TheStreet announced that its Board of Directors has approved a stock repurchase plan on Monday, November 13th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the information services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
TheStreet Company Profile
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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