Wall Street analysts expect TheStreet, Inc. (NASDAQ:TST) to announce earnings of ($0.01) per share for the current quarter, according to Zacks. Two analysts have issued estimates for TheStreet’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. TheStreet posted earnings per share of $0.05 during the same quarter last year, which indicates a negative year over year growth rate of 120%. The business is expected to issue its next earnings report on Tuesday, May 8th.
On average, analysts expect that TheStreet will report full-year earnings of $0.02 per share for the current year, with EPS estimates ranging from $0.00 to $0.04. For the next fiscal year, analysts expect that the business will report earnings of $0.04 per share, with EPS estimates ranging from $0.01 to $0.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover TheStreet.
A number of analysts recently issued reports on TST shares. ValuEngine upgraded TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Lake Street Capital boosted their price target on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Northland Securities started coverage on TheStreet in a report on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price target for the company. Zacks Investment Research upgraded TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 price target for the company in a report on Friday, March 9th. Finally, B. Riley reiterated a “buy” rating and issued a $3.00 price target on shares of TheStreet in a report on Friday, March 2nd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. TheStreet currently has a consensus rating of “Buy” and a consensus target price of $2.63.
Shares of TheStreet (NASDAQ TST) traded down $0.01 during midday trading on Friday, hitting $1.65. The company had a trading volume of 297,077 shares, compared to its average volume of 153,162. The stock has a market capitalization of $80.13, a price-to-earnings ratio of 2.86 and a beta of 0.80. TheStreet has a 12-month low of $0.68 and a 12-month high of $1.70.
A number of institutional investors have recently bought and sold shares of TST. Renaissance Technologies LLC lifted its holdings in TheStreet by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock worth $3,359,000 after buying an additional 261,593 shares during the period. Technology Crossover Management VI L.L.C. purchased a new stake in TheStreet during the fourth quarter worth $8,700,000. Finally, Deutsche Bank AG lifted its holdings in TheStreet by 48.4% during the fourth quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock worth $268,000 after buying an additional 60,336 shares during the period. Institutional investors own 44.15% of the company’s stock.
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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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