TheStreet, Inc. (NASDAQ:TST) had its price objective hoisted by Lake Street Capital from $2.00 to $3.00 in a research report released on Tuesday morning, MarketBeat.com reports. Lake Street Capital currently has a buy rating on the information services provider’s stock.
Several other equities analysts have also recently commented on TST. B. Riley reissued a buy rating and set a $2.10 target price on shares of TheStreet in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of TheStreet from a hold rating to a buy rating and set a $1.25 target price on the stock in a research note on Wednesday, October 18th. Finally, ValuEngine raised shares of TheStreet from a sell rating to a hold rating in a research note on Tuesday.
Shares of TheStreet (NASDAQ:TST) opened at $1.35 on Tuesday. TheStreet has a twelve month low of $0.61 and a twelve month high of $1.56. The firm has a market cap of $66.17, a PE ratio of 65.00 and a beta of 0.74.
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. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.05%. The business had revenue of $15.25 million for the quarter, compared to analysts’ expectations of $15.73 million. During the same quarter last year, the company earned ($0.03) EPS. research analysts predict that TheStreet will post -0.01 earnings per share for the current year.
TheStreet declared that its board has approved a stock buyback plan on Monday, November 13th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
In related news, Director Stephen Zacharias bought 30,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $1.32 per share, with a total value of $39,600.00. Following the purchase, the director now owns 191,376 shares in the company, valued at $252,616.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.70% of the stock is currently owned by company insiders.
An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC acquired a new stake in shares of TheStreet, Inc. (NASDAQ:TST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned approximately 0.57% of TheStreet at the end of the most recent quarter. Institutional investors and hedge funds own 46.68% 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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