Media headlines about TheStreet (NASDAQ:TST) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 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 0.16 on Accern’s scale. Accern also assigned media headlines about the information services provider an impact score of 44.5167980467621 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
TST has been the subject of several recent analyst reports. Northland Securities initiated coverage on TheStreet in a report on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price objective for the company. Zacks Investment Research raised TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Tuesday, October 24th. Lake Street Capital increased their price objective on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. ValuEngine raised TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, B. Riley set a $2.00 price objective on TheStreet and gave the company a “buy” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $2.31.
TheStreet (TST) traded up $0.02 during midday trading on Friday, hitting $1.43. The stock had a trading volume of 96,984 shares, compared to its average volume of 116,702. The firm has a market cap of $70.09, a P/E ratio of -4.21 and a beta of 0.82. TheStreet has a 12 month low of $0.61 and a 12 month high of $1.64.
TheStreet announced that its board has authorized a share repurchase plan on Monday, November 13th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
In other TheStreet news, Director Kevin Rendino purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $1.38 per share, for a total transaction of $69,000.00. Following the purchase, the director now owns 64,745 shares in the company, valued at $89,348.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen Zacharias purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $1.40 per share, for a total transaction of $28,000.00. Following the purchase, the director now owns 203,977 shares in the company, valued at approximately $285,567.80. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 98,745 shares of company stock worth $136,801. 9.70% of the stock is owned by company 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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