TheStreet Inc. (NASDAQ:TST) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price objective of $2.10 for the company and are anticipating that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given TheStreet an industry rank of 58 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on TST. Zacks Investment Research upgraded TheStreet from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. B. Riley restated a “buy” rating and set a $2.10 price objective on shares of TheStreet in a research note on Wednesday, August 3rd.
In related news, Director James J. Cramer acquired 30,000 shares of TheStreet stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $1.22 per share, for a total transaction of $36,600.00. Following the transaction, the director now directly owns 2,801,635 shares of the company’s stock, valued at approximately $3,417,994.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James J. Cramer acquired 21,300 shares of TheStreet stock in a transaction that occurred on Wednesday, August 17th. The shares were bought at an average price of $1.20 per share, with a total value of $25,560.00. Following the transaction, the director now directly owns 2,872,626 shares in the company, valued at $3,447,151.20. The disclosure for this purchase can be found here. 9.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cannell Capital LLC raised its position in TheStreet by 10.5% in the second quarter. Cannell Capital LLC now owns 3,220,366 shares of the company’s stock worth $3,639,000 after buying an additional 305,012 shares in the last quarter. HighTower Advisors LLC raised its position in TheStreet by 0.7% in the second quarter. HighTower Advisors LLC now owns 2,825,412 shares of the company’s stock worth $3,193,000 after buying an additional 21,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in TheStreet by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,533,863 shares of the company’s stock worth $1,902,000 after buying an additional 102,663 shares in the last quarter. Institutional investors and hedge funds own 58.35% of the company’s stock.
TheStreet (NASDAQ:TST) traded up 0.91% during midday trading on Thursday, hitting $1.11. The stock had a trading volume of 15,677 shares. The stock has a 50-day moving average price of $1.17 and a 200 day moving average price of $1.17. The firm’s market cap is $39.13 million. TheStreet has a one year low of $0.82 and a one year high of $1.77.
TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Monday, August 1st. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). TheStreet had a negative return on equity of 6.10% and a negative net margin of 6.89%. The firm earned $16.30 million during the quarter, compared to analyst estimates of $16.74 million. During the same quarter last year, the firm earned ($0.02) EPS. On average, analysts predict that TheStreet will post ($0.20) earnings per share for the current year.
TheStreet Company Profile
TheStreet, Inc (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels.
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