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. “
A number of other analysts also recently commented on the company. Lake Street Capital downgraded TheStreet from a buy rating to a hold rating and dropped their price objective for the stock from $9.00 to $6.33 in a research note on Wednesday, June 12th. Northland Securities boosted their price objective on TheStreet from $3.00 to $10.00 and gave the stock an outperform rating in a research note on Wednesday, May 15th. ValuEngine cut TheStreet from a buy rating to a hold rating in a report on Thursday, May 2nd. Finally, B. Riley restated a buy rating on shares of TheStreet in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. TheStreet presently has an average rating of Hold and a consensus target price of $17.83.
TheStreet (NASDAQ:TST) last announced its earnings results on Tuesday, May 14th. The information services provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $6.69 million for the quarter, compared to the consensus estimate of $9.37 million. TheStreet had a negative return on equity of 2.61% and a net margin of 143.87%. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, equities research analysts expect that TheStreet will post -1.49 earnings per share for the current fiscal year.
In related news, major shareholder Cannell Capital Llc bought 11,989 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $6.71 per share, for a total transaction of $80,446.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 15,688 shares of company stock worth $105,742 over the last 90 days. Insiders own 30.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. B. Riley Wealth Management Inc. grew its holdings in shares of TheStreet by 33.1% during the fourth quarter. B. Riley Wealth Management Inc. now owns 44,709 shares of the information services provider’s stock valued at $91,000 after buying an additional 11,118 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of TheStreet by 6.2% during the fourth quarter. Acadian Asset Management LLC now owns 260,738 shares of the information services provider’s stock valued at $529,000 after buying an additional 15,244 shares in the last quarter. Northern Trust Corp grew its holdings in shares of TheStreet by 54.4% during the fourth quarter. Northern Trust Corp now owns 84,289 shares of the information services provider’s stock valued at $171,000 after buying an additional 29,704 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of TheStreet by 28.8% during the first quarter. Joel Isaacson & Co. LLC now owns 148,969 shares of the information services provider’s stock valued at $347,000 after buying an additional 33,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of TheStreet by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 228,979 shares of the information services provider’s stock valued at $465,000 after buying an additional 33,937 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.
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