TheStreet (TST) Stock Price Up 5.5% on Insider Buying Activity

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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.

The firm has a market capitalization of $106.67 million, a P/E ratio of -38.33 and a beta of 0.02.

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.

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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.

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