TheStreet (TST) Trading Up 35.5%

Shares of TheStreet, Inc. (NASDAQ:TST) were up 35.5% during mid-day trading on Thursday . The company traded as high as $2.27 and last traded at $2.06. Approximately 14,100,058 shares traded hands during trading, an increase of 6,469% from the average daily volume of 214,639 shares. The stock had previously closed at $1.52.

Separately, B. Riley set a $3.00 price target on TheStreet and gave the company a “buy” rating in a research report on Thursday.

The stock has a market cap of $75.41 million, a PE ratio of 25.75 and a beta of 0.52.

TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Wednesday, November 14th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $13.01 million during the quarter, compared to the consensus estimate of $13.43 million. TheStreet had a return on equity of 2.33% and a net margin of 49.30%. Research analysts predict that TheStreet, Inc. will post -0.07 earnings per share for the current year.

In other news, major shareholder Jay C. Hoag sold 1,755,000 shares of TheStreet stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $2.00, for a total transaction of $3,510,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC lifted its position in TheStreet by 37.4% in the 2nd quarter. Spark Investment Management LLC now owns 125,900 shares of the information services provider’s stock worth $274,000 after buying an additional 34,300 shares during the last quarter. Millennium Management LLC bought a new stake in TheStreet in the 1st quarter worth approximately $290,000. Dimensional Fund Advisors LP lifted 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 worth $429,000 after buying an additional 168,874 shares during the last quarter. Acadian Asset Management LLC lifted its position in TheStreet by 197.0% in the 2nd quarter. Acadian Asset Management LLC now owns 227,532 shares of the information services provider’s stock worth $496,000 after buying an additional 150,910 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new stake in TheStreet in the 3rd quarter worth approximately $517,000. Institutional investors own 52.17% of the company’s stock.

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About TheStreet (NASDAQ:TST)

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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