Analysts Anticipate TheStreet, Inc. (TST) Will Post Quarterly Sales of $13.43 Million

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Wall Street analysts forecast that TheStreet, Inc. (NASDAQ:TST) will post sales of $13.43 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for TheStreet’s earnings. The lowest sales estimate is $13.43 million and the highest is $13.44 million. TheStreet posted sales of $15.25 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.9%. The company is scheduled to report its next quarterly earnings report on Monday, November 12th.

On average, analysts expect that TheStreet will report full-year sales of $53.82 million for the current financial year, with estimates ranging from $53.58 million to $54.06 million. For the next fiscal year, analysts anticipate that the business will report sales of $56.81 million, with estimates ranging from $56.41 million to $57.21 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TheStreet.

TheStreet (NASDAQ:TST) last posted its earnings results on Wednesday, August 8th. The information services provider reported ($0.02) earnings per share for the quarter. TheStreet had a return on equity of 4.86% and a net margin of 50.81%. The business had revenue of $13.59 million during the quarter, compared to the consensus estimate of $15.35 million.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. B. Riley boosted their target price on shares of TheStreet from $2.75 to $3.00 and gave the stock a “buy” rating in a report on Monday, July 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $2.63.

Shares of TheStreet stock traded up $0.01 during trading hours on Friday, reaching $2.00. The company’s stock had a trading volume of 68,600 shares, compared to its average volume of 161,777. TheStreet has a one year low of $0.89 and a one year high of $2.50. The company has a market cap of $97.71 million, a PE ratio of 25.00 and a beta of 0.42.

In other news, major shareholder Jay C. Hoag sold 1,755,000 shares of the business’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $2.00, for a total value of $3,510,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 30.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TST. Millennium Management LLC purchased a new position in shares of TheStreet during the 1st quarter worth about $290,000. Acadian Asset Management LLC boosted its stake in shares of TheStreet by 197.0% during the 2nd quarter. Acadian Asset Management LLC now owns 227,532 shares of the information services provider’s stock worth $496,000 after purchasing an additional 150,910 shares during the period. Joel Isaacson & Co. LLC boosted its stake in shares of TheStreet by 126.2% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 115,636 shares of the information services provider’s stock worth $252,000 after purchasing an additional 64,517 shares during the period. Spark Investment Management LLC boosted its stake in shares of TheStreet by 37.4% during the 2nd quarter. Spark Investment Management LLC now owns 125,900 shares of the information services provider’s stock worth $274,000 after purchasing an additional 34,300 shares during the period. Finally, BlackRock Inc. boosted its position in TheStreet by 6.4% in the 2nd quarter. BlackRock Inc. now owns 1,382,614 shares of the information services provider’s stock valued at $3,015,000 after buying an additional 83,417 shares during the period. 48.37% of the stock is owned by hedge funds and other institutional investors.

About TheStreet

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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