Positive Press Coverage Somewhat Likely to Impact TheStreet (NASDAQ:TST) Share Price

Media headlines about TheStreet (NASDAQ:TST) have trended positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TheStreet earned a media sentiment score of 2.14 on their scale. InfoTrie also gave media stories about the information services provider an news buzz score of 5 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.

Several brokerages have weighed in on TST. Northland Securities reiterated a “buy” rating and issued a $42.00 price objective on shares of Varex Imaging in a research note on Wednesday, May 15th. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Lake Street Capital cut shares of 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. Finally, ValuEngine cut shares of TheStreet from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.83.

Shares of NASDAQ:TST traded up $0.05 during midday trading on Friday, hitting $6.20. The stock had a trading volume of 2,591 shares, compared to its average volume of 15,542. The stock has a 50-day moving average price of $6.04. The company has a current ratio of 6.23, a quick ratio of 6.23 and a debt-to-equity ratio of 0.01. TheStreet has a fifty-two week low of $5.48 and a fifty-two week high of $25.00.

TheStreet (NASDAQ:TST) last issued its earnings results on Tuesday, May 14th. The information services provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $6.69 million during the quarter, compared to analysts’ expectations of $9.37 million. TheStreet had a net margin of 143.87% and a negative return on equity of 2.15%. During the same period in the previous year, the company earned ($0.10) EPS. On average, research analysts predict that TheStreet will post -1.49 EPS for the current fiscal year.

In other TheStreet news, major shareholder Cannell Capital Llc bought 11,989 shares of TheStreet stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $6.71 per share, with a total value of $80,446.19. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 15,688 shares of company stock worth $105,742 over the last three months. Insiders own 30.00% of the company’s stock.

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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