TheStreet, Inc. (TST) Receives Average Recommendation of “Strong Buy” from Analysts

TheStreet, Inc. (NASDAQ:TST) has earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price objective of $2.83 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned TheStreet an industry rank of 129 out of 265 based on the ratings given to its competitors.

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Several equities research analysts have recently weighed in on TST shares. Northland Securities started coverage on shares of TheStreet in a research note on Wednesday, December 13th. They set an “outperform” rating and a $3.00 target price for the company. B. Riley reiterated a “buy” rating and set a $3.00 target price on shares of TheStreet in a research note on Friday, March 2nd. ValuEngine upgraded shares of TheStreet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 target price for the company in a research note on Friday, March 9th.

Shares of TST opened at $1.79 on Monday. TheStreet has a fifty-two week low of $0.69 and a fifty-two week high of $1.95. The stock has a market cap of $88.04, a PE ratio of 11.93 and a beta of 0.43.

TheStreet (NASDAQ:TST) last announced its earnings results on Monday, March 5th. The information services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.07. TheStreet had a net margin of 4.21% and a return on equity of 14.33%. The business had revenue of $15.98 million during the quarter, compared to the consensus estimate of $16.19 million. research analysts expect that TheStreet will post 0.02 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TST. Deutsche Bank AG raised 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 purchasing an additional 60,336 shares in the last quarter. Renaissance Technologies LLC raised 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 purchasing an additional 261,593 shares in the last quarter. Finally, Technology Crossover Management VI L.L.C. purchased a new position in TheStreet during the fourth quarter worth about $8,700,000. 44.00% of the stock is owned by hedge funds and other institutional investors.

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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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