TheStreet, Inc. (TST) Stock Rating Lowered by Zacks Investment Research

TheStreet, Inc. (NASDAQ:TST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution. “

Separately, B. Riley restated a “buy” rating and set a $2.10 target price on shares of TheStreet in a research note on Wednesday, May 10th.

Shares of TheStreet (TST) opened at 0.89 on Friday. The stock’s market capitalization is $31.74 million. TheStreet has a 52-week low of $0.61 and a 52-week high of $1.28. The company’s 50 day moving average price is $0.87 and its 200 day moving average price is $0.83.

TheStreet (NASDAQ:TST) last announced its earnings results on Tuesday, May 9th. The information services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. TheStreet had a negative return on equity of 4.43% and a negative net margin of 24.24%. The firm had revenue of $15.28 million for the quarter, compared to the consensus estimate of $15.29 million. During the same period in the previous year, the business earned ($0.10) EPS. On average, equities research analysts anticipate that TheStreet will post ($0.06) EPS for the current year.

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A number of hedge funds have recently bought and sold shares of TST. B. Riley Financial Inc. purchased a new stake in TheStreet during the first quarter valued at $546,000. Cannell Capital LLC increased its stake in TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock valued at $2,568,000 after buying an additional 200,000 shares during the last quarter. HighTower Advisors LLC increased its stake in TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock valued at $2,357,000 after buying an additional 165,053 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in TheStreet by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,400 shares of the information services provider’s stock valued at $1,461,000 after buying an additional 75,400 shares during the last quarter. Institutional investors and hedge funds own 49.85% of the company’s stock.

About TheStreet

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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