According to Zacks, “TheStreet Inc. is a digital financial media company. It is focused on the financial, and mergers and acquisitions environment. The Company’s digital services provides users, subscribers and advertisers content and tools through online, social media, tablet and mobile channels. TheStreet Inc., formerly known as TheStreet Com., is based in New York. “
TST has been the topic of several other reports. ValuEngine upgraded TheStreet from a hold rating to a buy rating in a research note on Friday, April 26th. B. Riley reiterated a buy rating on shares of TheStreet in a research note on Wednesday, March 13th. Northland Securities upped their price objective on TheStreet from $3.00 to $10.00 and gave the company an outperform rating in a research note on Wednesday, May 15th. Finally, Lake Street Capital set a $30.00 price objective on TheStreet and gave the company a buy rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. TheStreet presently has a consensus rating of Buy and an average price target of $23.75.
TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Tuesday, May 14th. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. TheStreet had a negative return on equity of 2.61% and a net margin of 143.87%. The firm had revenue of $6.69 million for the quarter, compared to analyst estimates of $9.37 million. During the same period in the previous year, the company posted ($0.10) earnings per share. On average, equities analysts anticipate that TheStreet will post -1.49 EPS for the current fiscal year.
In related news, major shareholder Cannell Capital Llc acquired 15,294 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $2.19 per share, for a total transaction of $33,493.86. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders bought 30,982 shares of company stock worth $139,236. Corporate insiders own 30.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TST. B. Riley Financial Inc. boosted its holdings in shares of TheStreet by 1,524.9% in the 4th quarter. B. Riley Financial Inc. now owns 3,815,261 shares of the information services provider’s stock worth $7,745,000 after acquiring an additional 3,580,461 shares in the last quarter. Cannell Capital LLC boosted its holdings in shares of TheStreet by 64.0% in the 4th quarter. Cannell Capital LLC now owns 5,620,407 shares of the information services provider’s stock worth $11,409,000 after acquiring an additional 2,193,859 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of TheStreet by 28.5% in the 4th quarter. Impax Asset Management Group plc now owns 2,252,775 shares of the information services provider’s stock worth $4,573,000 after acquiring an additional 500,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TheStreet by 645.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock worth $429,000 after acquiring an additional 168,874 shares in the last quarter. Finally, Vanguard Group Inc boosted its holdings in shares of TheStreet by 9.0% in the 3rd quarter. Vanguard Group Inc now owns 1,491,340 shares of the information services provider’s stock worth $3,281,000 after acquiring an additional 123,066 shares in the last quarter.
TheStreet Company Profile
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.
Featured Article: How Do I Invest in Dividend Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.