TheStreet, Inc. (NASDAQ:TST) has been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus target price of $3.00 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned TheStreet an industry rank of 192 out of 255 based on the ratings given to related companies.
A number of equities analysts have recently weighed in on TST shares. Zacks Investment Research raised TheStreet from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. B. Riley boosted their price target on TheStreet from $2.75 to $3.00 and gave the stock a “buy” rating in a report on Monday, July 16th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC raised its holdings in shares of TheStreet by 37.4% in the second quarter. Spark Investment Management LLC now owns 125,900 shares of the information services provider’s stock worth $274,000 after acquiring an additional 34,300 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of TheStreet by 126.2% in the second quarter. Joel Isaacson & Co. LLC now owns 115,636 shares of the information services provider’s stock worth $252,000 after acquiring an additional 64,517 shares during the last quarter. BlackRock Inc. raised its holdings in shares of TheStreet by 6.4% in the second quarter. BlackRock Inc. now owns 1,382,614 shares of the information services provider’s stock worth $3,015,000 after acquiring an additional 83,417 shares during the last quarter. Cannell Capital LLC raised its holdings in shares of TheStreet by 4.7% in the second quarter. Cannell Capital LLC now owns 2,926,257 shares of the information services provider’s stock worth $6,379,000 after acquiring an additional 131,258 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of TheStreet by 197.0% in the second quarter. Acadian Asset Management LLC now owns 227,532 shares of the information services provider’s stock worth $496,000 after acquiring an additional 150,910 shares during the last quarter. 48.37% of the stock is owned by institutional investors.
TST stock traded down $0.04 during midday trading on Friday, hitting $2.10. 28,323 shares of the stock were exchanged, compared to its average volume of 99,807. The stock has a market cap of $109.12 million, a PE ratio of 26.25 and a beta of 0.42. TheStreet has a fifty-two week low of $0.87 and a fifty-two week high of $2.50.
TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Wednesday, August 8th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $13.59 million for the quarter, compared to analyst estimates of $15.35 million. TheStreet had a return on equity of 4.86% and a net margin of 50.81%. As a group, sell-side analysts anticipate that TheStreet will post -0.06 EPS for the current year.
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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