News coverage about TheStreet (NASDAQ:TST) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TheStreet earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 43.7951828916309 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of TheStreet (NASDAQ:TST) traded down $0.01 during trading on Thursday, reaching $1.46. 162,200 shares of the company’s stock were exchanged, compared to its average volume of 134,729. TheStreet has a twelve month low of $0.61 and a twelve month high of $1.64. The firm has a market cap of $72.54, a price-to-earnings ratio of -4.17 and a beta of 0.94.
TheStreet (NASDAQ:TST) last released its quarterly earnings data on Monday, November 13th. The information services provider reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $15.25 million for the quarter, compared to analyst estimates of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same quarter in the prior year, the business earned ($0.03) earnings per share. analysts expect that TheStreet will post -0.01 EPS for the current fiscal year.
TheStreet announced that its board has authorized a share buyback program on Monday, November 13th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of TheStreet in a research report on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price objective for the company. Lake Street Capital boosted their price objective on shares of TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. B. Riley set a $2.00 price target on shares of TheStreet and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research cut shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $2.31.
In other news, Director Kevin Rendino purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $1.38 per share, for a total transaction of $69,000.00. Following the completion of the transaction, the director now owns 64,745 shares in the company, valued at $89,348.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen Zacharias purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $1.32 per share, for a total transaction of $39,600.00. Following the transaction, the director now owns 191,376 shares of the company’s stock, valued at approximately $252,616.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 163,150 shares of company stock worth $221,738. 9.70% of the stock is owned by company insiders.
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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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