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 reissued a buy rating and issued a $2.10 price objective on shares of TheStreet in a report on Wednesday, August 3rd.
Shares of TheStreet (NASDAQ:TST) opened at 1.13 on Thursday. TheStreet has a one year low of $0.82 and a one year high of $1.77. The stock’s market cap is $39.84 million. The company has a 50-day moving average of $1.17 and a 200 day moving average of $1.17.
TheStreet (NASDAQ:TST) last announced its quarterly earnings results on Monday, August 1st. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The company had revenue of $16.30 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted ($0.02) earnings per share. On average, equities analysts forecast that TheStreet will post ($0.20) earnings per share for the current fiscal year.
In other news, Director James J. Cramer acquired 21,300 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average cost of $1.20 per share, with a total value of $25,560.00. Following the completion of the acquisition, the director now owns 2,872,626 shares of the company’s stock, valued at $3,447,151.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Cramer acquired 30,000 shares of the firm’s stock in a transaction dated 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 acquisition, 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 owned by insiders.
Several large investors have recently bought and sold shares of TST. Cannell Capital LLC increased its stake 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 during the last quarter. HighTower Advisors LLC increased its stake in shares of 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, Renaissance Technologies LLC increased its stake in shares of 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. 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.
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