According to Zacks, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution. “
Separately, B. Riley restated a buy rating and set a $2.10 target price on shares of TheStreet in a report on Wednesday, August 3rd.
TheStreet (NASDAQ:TST) opened at 1.05 on Thursday. TheStreet has a 1-year low of $0.82 and a 1-year high of $1.76. The firm’s market capitalization is $37.02 million. The company’s 50-day moving average is $1.13 and its 200 day moving average is $1.16.
TheStreet (NASDAQ:TST) last announced its earnings results on Monday, August 1st. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $16.30 million for the quarter, compared to the consensus estimate of $16.74 million. TheStreet had a negative net margin of 6.89% and a negative return on equity of 6.10%. During the same period last year, the company posted ($0.02) EPS. On average, equities analysts expect that TheStreet will post ($0.20) EPS for the current fiscal year.
In other news, Director Lawrence S. Kramer bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average cost of $1.22 per share, with a total value of $30,500.00. Following the completion of the purchase, the director now owns 8,652 shares of the company’s stock, valued at $10,555.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Cramer bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $1.22 per share, with a total value of $36,600.00. Following the completion of the purchase, the director now directly owns 2,801,635 shares of the company’s stock, valued at approximately $3,417,994.70. The disclosure for this purchase can be found here. 9.70% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in TST. Renaissance Technologies LLC boosted 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 valued at $1,902,000 after buying an additional 102,663 shares in the last quarter. HighTower Advisors LLC boosted 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 valued at $3,193,000 after buying an additional 21,000 shares in the last quarter. Finally, Cannell Capital LLC boosted 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 valued at $3,639,000 after buying an additional 305,012 shares in the last quarter. 58.35% of the stock is owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TheStreet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TheStreet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.