Dimensional Fund Advisors LP reduced its holdings in TheStreet, Inc. (NASDAQ:TST) by 47.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,679 shares of the information services provider’s stock after selling 597,330 shares during the quarter. Dimensional Fund Advisors LP owned 1.84% of TheStreet worth $499,000 at the end of the most recent quarter.
Separately, B. Riley Financial Inc. acquired a new stake in shares of TheStreet during the first quarter valued at approximately $546,000. Institutional investors own 46.84% of the company’s stock.
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A number of research firms have recently issued reports on TST. B. Riley restated a “buy” rating and set a $2.10 price target on shares of TheStreet in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of TheStreet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th.
TheStreet, Inc. (NASDAQ:TST) traded up 2.20% during mid-day trading on Friday, reaching $0.93. 14,118 shares of the company’s stock traded hands. The stock’s market cap is $33.36 million. The firm has a 50-day moving average price of $0.84 and a 200-day moving average price of $0.83. TheStreet, Inc. has a 1-year low of $0.61 and a 1-year high of $1.16.
TheStreet (NASDAQ:TST) last announced its quarterly earnings data on Tuesday, August 1st. The information services provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The company had revenue of $15.96 million for the quarter, compared to analysts’ expectations of $15.72 million. TheStreet had a negative return on equity of 1.30% and a negative net margin of 21.87%. Equities research analysts anticipate that TheStreet, Inc. will post ($0.03) EPS for the current fiscal year.
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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