Brokerages Expect TheStreet, Inc. (TST) to Announce ($0.01) Earnings Per Share

TheStreet, Inc. (NASDAQ:TST) has been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $2.83 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given TheStreet an industry rank of 49 out of 265 based on the ratings given to its competitors.

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TST has been the topic of several analyst reports. Northland Securities initiated coverage on TheStreet in a research report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 target price on the stock. ValuEngine raised TheStreet from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. B. Riley reissued a “buy” rating and set a $3.00 target price on shares of TheStreet in a research report on Friday, March 2nd. Finally, Zacks Investment Research raised TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 target price on the stock in a research report on Friday, March 9th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TST. Deutsche Bank AG boosted its holdings in 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 acquiring an additional 60,336 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 261,593 shares during the period. Finally, Technology Crossover Management VI L.L.C. purchased a new position in TheStreet during the 4th quarter valued at $8,700,000. 44.00% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TST traded down $0.01 during trading hours on Monday, reaching $1.80. The stock had a trading volume of 442,147 shares, compared to its average volume of 216,072. TheStreet has a 52 week low of $0.69 and a 52 week high of $1.95. The company has a market cap of $89.03, a price-to-earnings ratio of 22.00 and a beta of 0.43.

TheStreet (NASDAQ:TST) last released its quarterly earnings data on Monday, March 5th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. TheStreet had a return on equity of 14.33% and a net margin of 4.21%. The business had revenue of $15.98 million for the quarter, compared to the consensus estimate of $16.19 million. equities research analysts expect that TheStreet will post 0.02 EPS for the current fiscal year.

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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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