Press coverage about TheStreet (NASDAQ:TST) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TheStreet earned a news impact score of 0.22 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 43.868098315707 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts have weighed in on TST shares. Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research note on Wednesday, October 18th. B. Riley set a $2.00 price target on shares of TheStreet and gave the stock a “buy” rating in a research note on Monday, November 13th. Lake Street Capital lifted their price target on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. ValuEngine upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Northland Securities began coverage on shares of TheStreet in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TheStreet currently has an average rating of “Buy” and a consensus target price of $2.31.
Shares of TheStreet (NASDAQ TST) traded up $0.02 during mid-day trading on Thursday, hitting $1.48. 131,439 shares of the stock were exchanged, compared to its average volume of 134,317. The company has a market capitalization of $72.54, a price-to-earnings ratio of -4.23 and a beta of 0.94. TheStreet has a 52-week low of $0.61 and a 52-week high of $1.64.
TheStreet (NASDAQ:TST) last announced its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company 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 in the previous year, the business posted ($0.03) earnings per share. analysts forecast that TheStreet will post -0.01 earnings per share for the current fiscal year.
TheStreet announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 13th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
In other news, Director Stephen Zacharias purchased 30,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $1.32 per share, with a total value of $39,600.00. Following the completion of the acquisition, the director now directly owns 191,376 shares of the company’s stock, valued at $252,616.32. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Rendino purchased 50,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were purchased at an average cost of $1.38 per share, for a total transaction of $69,000.00. Following the acquisition, 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 purchased 163,150 shares of company stock valued at $221,738 over the last 90 days. 9.70% of the stock is currently owned by company insiders.
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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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