TheStreet, Inc. (NASDAQ:TST) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of TheStreet, Inc. (NASDAQ:TST) from a strong-buy rating to a hold rating in a research note published on Friday, October 6th.

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. “

Separately, B. Riley reiterated a buy rating and issued a $2.10 target price on shares of TheStreet in a report on Tuesday, August 8th.

Shares of TheStreet (NASDAQ:TST) opened at 1.02 on Friday. The firm’s 50-day moving average price is $0.97 and its 200 day moving average price is $0.87. TheStreet has a 12 month low of $0.61 and a 12 month high of $1.13. The company’s market cap is $36.58 million.

TheStreet (NASDAQ:TST) last released its quarterly earnings results on Tuesday, August 1st. The information services provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. TheStreet had a negative net margin of 21.87% and a negative return on equity of 1.30%. The company had revenue of $15.96 million for the quarter, compared to the consensus estimate of $15.72 million. Equities research analysts anticipate that TheStreet will post ($0.03) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TST. HighTower Advisors LLC increased its position in shares of TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after acquiring an additional 165,053 shares in the last quarter. Cannell Capital LLC increased its position in shares of TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock worth $2,568,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of TheStreet by 1.4% in the first quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock worth $1,325,000 after acquiring an additional 24,700 shares in the last quarter. Institutional investors and hedge funds own 46.84% of the company’s stock.

About TheStreet

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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