TheStreet (NASDAQ:TST) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday, March 9th. The brokerage presently has a $1.50 price target on the information services provider’s stock. Zacks Investment Research‘s price target would suggest a potential downside of 12.28% from the stock’s current price.
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. “
TST has been the subject of several other research reports. ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Northland Securities initiated coverage on shares of TheStreet in a report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 price objective on the stock. Lake Street Capital lifted their price objective on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, B. Riley set a $2.00 target price on TheStreet and gave the stock a “buy” rating in a research note on Monday, November 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $2.63.
TheStreet (NASDAQ:TST) last released its quarterly earnings results on Monday, March 5th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. The firm had revenue of $15.98 million during the quarter, compared to analyst estimates of $16.19 million. TheStreet had a net margin of 4.21% and a return on equity of 14.33%. analysts predict that TheStreet will post 0.02 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in TST. Deutsche Bank AG increased its position in shares of TheStreet by 48.4% during the fourth quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock valued at $268,000 after buying an additional 60,336 shares during the period. Renaissance Technologies LLC increased its position in shares of TheStreet by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock valued at $3,359,000 after buying an additional 261,593 shares during the period. Finally, Technology Crossover Management VI L.L.C. bought a new stake in shares of TheStreet during the fourth quarter valued at about $8,700,000. Hedge funds and other institutional investors own 44.00% of the company’s stock.
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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