TheStreet, Inc. (NASDAQ:TST) – Analysts at B. Riley issued their FY2020 EPS estimates for shares of TheStreet in a report released on Wednesday, March 13th. B. Riley analyst K. Anderson expects that the information services provider will post earnings of ($0.12) per share for the year. B. Riley currently has a “Buy” rating on the stock.
Several other equities analysts also recently issued reports on TST. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Thursday. ValuEngine downgraded shares of TheStreet from a “buy” rating to a “hold” rating in a report on Monday, February 4th.
NASDAQ:TST opened at $2.30 on Thursday. The stock has a market cap of $106.67 million, a PE ratio of -38.33 and a beta of 0.02. TheStreet has a 52 week low of $1.50 and a 52 week high of $2.50.
TheStreet (NASDAQ:TST) last released its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $13.92 million during the quarter, compared to the consensus estimate of $13.60 million. TheStreet had a net margin of 32.98% and a negative return on equity of 3.35%. During the same period last year, the firm earned $0.07 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in TheStreet by 645.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock valued at $429,000 after acquiring an additional 168,874 shares in the last quarter. Vanguard Group Inc. increased its position in TheStreet by 9.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after acquiring an additional 123,066 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in TheStreet in the 3rd quarter valued at about $517,000. Cannell Capital LLC increased its position in TheStreet by 64.0% in the 4th quarter. Cannell Capital LLC now owns 5,620,407 shares of the information services provider’s stock valued at $11,409,000 after acquiring an additional 2,193,859 shares in the last quarter. Finally, B. Riley Wealth Management Inc. acquired a new stake in TheStreet in the 3rd quarter valued at about $74,000. Hedge funds and other institutional investors own 54.00% of the company’s stock.
In other news, major shareholder Cannell Capital Llc purchased 15,294 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $2.19 per share, with a total value of $33,493.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 30.00% of the company’s stock.
TheStreet Company Profile
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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