Press coverage about TheStreet (NASDAQ:TST) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TheStreet earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 43.5937263963141 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
TheStreet (TST) opened at $1.49 on Friday. TheStreet has a fifty-two week low of $0.61 and a fifty-two week high of $1.64. The firm has a market cap of $72.54, a price-to-earnings ratio of -4.38 and a beta of 0.94.
TheStreet (NASDAQ:TST) last posted its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $15.25 million during the quarter, compared to analyst estimates of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same period last year, the firm posted ($0.03) earnings per share. analysts anticipate that TheStreet will post -0.01 EPS for the current fiscal year.
TheStreet declared that its board has approved a stock repurchase program on Monday, November 13th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several research firms have recently issued reports on TST. Zacks Investment Research cut shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. B. Riley set a $2.00 target price on shares of TheStreet and gave the company a “buy” rating in a report on Monday, November 13th. Northland Securities assumed coverage on shares of TheStreet in a report on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 target price for the company. Lake Street Capital raised their target price on shares of TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $2.31.
In other news, Director Stephen Zacharias acquired 30,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $1.32 per share, with a total value of $39,600.00. Following the completion of the purchase, the director now directly owns 191,376 shares of the company’s stock, valued at $252,616.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Rendino acquired 50,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average cost of $1.38 per share, with a total value of $69,000.00. Following the completion of the purchase, the director now directly owns 64,745 shares of the company’s stock, valued at $89,348.10. The disclosure for this purchase can be found here. Insiders have acquired 163,150 shares of company stock valued at $221,738 over the last ninety days. 9.70% of the stock is owned by insiders.
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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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