HighTower Advisors LLC boosted its stake in shares of TheStreet, Inc. (NASDAQ:TST) by 5.6% during the first quarter, Holdings Channel reports. The fund owned 3,100,465 shares of the information services provider’s stock after buying an additional 165,053 shares during the period. HighTower Advisors LLC owned 0.09% of TheStreet worth $2,357,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TST. Renaissance Technologies LLC raised its stake in shares of TheStreet by 1.4% in the first quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock valued at $1,325,000 after buying an additional 24,700 shares during the last quarter. Cannell Capital LLC raised its stake in shares of TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock valued at $2,568,000 after buying an additional 200,000 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in shares of TheStreet during the first quarter valued at approximately $546,000. Institutional investors own 49.85% of the company’s stock.
TheStreet, Inc. (NASDAQ:TST) traded down 1.1136% on Tuesday, hitting $0.8702. 4,769 shares of the company were exchanged. The firm’s market cap is $31.03 million. The stock has a 50 day moving average price of $0.89 and a 200 day moving average price of $0.83. TheStreet, Inc. has a one year low of $0.61 and a one year high of $1.28.
TheStreet (NASDAQ:TST) last announced its earnings results on Tuesday, May 9th. The information services provider reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. TheStreet had a negative net margin of 24.24% and a negative return on equity of 4.43%. The company had revenue of $15.28 million during the quarter, compared to the consensus estimate of $15.29 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. On average, equities research analysts forecast that TheStreet, Inc. will post ($0.06) EPS for the current fiscal year.
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A number of research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $1.90 price objective on shares of TheStreet in a research note on Thursday, March 16th. Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Thursday, March 16th.
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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