Headlines about TheStreet (NASDAQ:TST) have trended somewhat positive on Tuesday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TheStreet earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 44.0136716629976 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have issued reports on TST shares. Zacks Investment Research upgraded TheStreet from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a report on Wednesday, October 18th. B. Riley set a $2.00 target price on TheStreet and gave the company a “buy” rating in a report on Monday, November 13th. Lake Street Capital raised their target price on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. ValuEngine upgraded TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Northland Securities began coverage on TheStreet in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. TheStreet presently has a consensus rating of “Buy” and a consensus target price of $2.31.
Shares of TheStreet (NASDAQ TST) traded up $0.01 during midday trading on Tuesday, hitting $1.49. The stock had a trading volume of 89,100 shares, compared to its average volume of 129,289. TheStreet has a 1-year low of $0.61 and a 1-year high of $1.64. The firm has a market cap of $73.03, a price-to-earnings ratio of -4.38 and a beta of 0.94.
TheStreet declared that its board has approved a stock repurchase program on Monday, November 13th that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other TheStreet news, Director Stephen Zacharias purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of $1.40 per share, for a total transaction of $28,000.00. Following the completion of the purchase, the director now directly owns 203,977 shares in the company, valued at $285,567.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kevin Rendino purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average price of $1.38 per share, for a total transaction of $69,000.00. Following the completion of the purchase, the director now owns 64,745 shares of the company’s stock, valued at $89,348.10. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 163,150 shares of company stock worth $221,738. 9.70% of the stock is currently owned by corporate insiders.
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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