TheStreet, Inc. (NASDAQ:TST) rose 5.5% during trading on Thursday following insider buying activity. The stock traded as high as $2.34 and last traded at $2.30. Approximately 552,410 shares changed hands during trading, an increase of 497% from the average daily volume of 92,600 shares. The stock had previously closed at $2.18.
Specifically, major shareholder Cannell Capital Llc purchased 15,294 shares of the stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $2.19 per share, with a total value of $33,493.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 30.00% of the stock is owned by insiders.
Several equities analysts have recently commented on TST shares. B. Riley set a $3.00 target price on shares of TheStreet and gave the stock a “buy” rating in a report on Thursday, December 6th. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Tuesday, March 5th. Finally, ValuEngine downgraded shares of TheStreet from a “buy” rating to a “hold” rating in a report on Monday, February 4th.
TheStreet (NASDAQ:TST) last released its earnings results on Tuesday, March 12th. The information services provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. TheStreet had a net margin of 32.98% and a negative return on equity of 3.35%. The firm had revenue of $13.92 million for the quarter, compared to the consensus estimate of $13.60 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, research analysts expect that TheStreet, Inc. will post -0.08 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in TheStreet by 645.3% during the third quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock valued at $429,000 after purchasing an additional 168,874 shares in the last quarter. Ativo Capital Management LLC raised its stake in TheStreet by 530.2% during the third quarter. Ativo Capital Management LLC now owns 500,153 shares of the information services provider’s stock valued at $1,100,000 after purchasing an additional 420,785 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in TheStreet during the third quarter valued at $517,000. Vanguard Group Inc. raised its stake in TheStreet by 9.0% during the third quarter. Vanguard Group Inc. now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 123,066 shares in the last quarter. Finally, Vanguard Group Inc raised its stake in TheStreet by 9.0% during the third quarter. Vanguard Group Inc now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 123,066 shares in the last quarter. 54.00% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “TheStreet (TST) Stock Price Up 5.5% on Insider Buying Activity” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4222050/thestreet-tst-stock-price-up-5-5-on-insider-buying-activity.html.
About TheStreet (NASDAQ:TST)
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
Receive News & Ratings for TheStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TheStreet and related companies with MarketBeat.com's FREE daily email newsletter.