Northland Securities Begins Coverage on TheStreet (TST)

Northland Securities began coverage on shares of TheStreet (NASDAQ:TST) in a research note released on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $3.00 price objective on the information services provider’s stock.

A number of other equities analysts have also recently commented on TST. Zacks Investment Research cut TheStreet from a buy rating to a hold rating in a report on Thursday, October 26th. B. Riley set a $2.00 target price on TheStreet and gave the stock a buy rating in a report on Monday, November 13th. ValuEngine upgraded TheStreet from a sell rating to a hold rating in a report on Tuesday, November 14th. Finally, Lake Street Capital lifted their target price on TheStreet from $2.00 to $3.00 and gave the stock a buy rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TheStreet presently has a consensus rating of Buy and a consensus target price of $2.31.

TheStreet (NASDAQ:TST) traded up $0.02 during midday trading on Wednesday, reaching $1.46. The company’s stock had a trading volume of 98,889 shares, compared to its average volume of 255,452. The stock has a market cap of $72.55, a PE ratio of 72.00 and a beta of 0.94. TheStreet has a fifty-two week low of $0.61 and a fifty-two week high of $1.64.

TheStreet (NASDAQ:TST) last announced its earnings results on Monday, November 13th. The information services provider reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. TheStreet had a positive return on equity of 1.04% and a negative net margin of 19.60%. During the same quarter in the previous year, the business earned ($0.03) EPS. equities analysts forecast that TheStreet will post -0.01 EPS for the current fiscal year.

TheStreet declared that its board has initiated a share buyback plan on Monday, November 13th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the information services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other TheStreet news, Director Stephen Zacharias acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $1.40 per share, for a total transaction of $28,000.00. Following the acquisition, the director now directly owns 203,977 shares in the company, valued at $285,567.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Rendino acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $1.38 per share, with a total value of $69,000.00. Following the acquisition, the director now owns 64,745 shares in the company, valued at $89,348.10. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 163,150 shares of company stock valued at $221,738. 9.70% of the stock is owned by company insiders.

An institutional investor recently raised its position in TheStreet stock. Renaissance Technologies LLC boosted its holdings in shares of TheStreet, Inc. (NASDAQ:TST) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,743,100 shares of the information services provider’s stock after acquiring an additional 24,700 shares during the quarter. Renaissance Technologies LLC owned 4.89% of TheStreet worth $1,325,000 as of its most recent SEC filing. 32.91% of the stock is owned by institutional investors and hedge funds.

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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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