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

Zacks Investment Research upgraded shares of TheStreet, Inc. (NASDAQ:TST) from a hold rating to a buy rating in a research report sent to investors on Wednesday, July 19th. They currently have $1.00 price target on the information services provider’s stock.

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 reaffirmed a buy rating and set a $2.10 target price on shares of TheStreet in a report on Monday, May 15th.

TheStreet (NASDAQ TST) remained flat at $0.81 during trading on Wednesday. The company had a trading volume of 63,715 shares. TheStreet has a 52 week low of $0.61 and a 52 week high of $1.28. The company’s market capitalization is $29.05 million. The stock’s 50 day moving average price is $0.83 and its 200-day moving average price is $0.82.

TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Tuesday, August 1st. The information services provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $15.96 million during the quarter, compared to the consensus estimate of $15.72 million. TheStreet had a negative return on equity of 1.30% and a negative net margin of 21.87%. On average, equities research analysts anticipate that TheStreet will post ($0.03) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in TST. Renaissance Technologies LLC boosted 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 worth $1,461,000 after buying an additional 75,400 shares during the period. B. Riley Financial Inc. acquired a new stake in TheStreet during the first quarter worth approximately $546,000. Cannell Capital LLC boosted 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 worth $2,568,000 after buying an additional 200,000 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after buying an additional 165,053 shares in the last quarter. Institutional investors own 49.55% 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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