TheStreet (NASDAQ:TST) posted its earnings results on Tuesday. The information services provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03, Morningstar.com reports. The company had revenue of $13.92 million during the quarter, compared to the consensus estimate of $13.60 million. TheStreet had a net margin of 32.98% and a negative return on equity of 3.35%. During the same period in the previous year, the firm posted $0.07 earnings per share.
TheStreet stock opened at $2.18 on Thursday. TheStreet has a fifty-two week low of $1.50 and a fifty-two week high of $2.50. The stock has a market cap of $106.67 million, a P/E ratio of -36.33 and a beta of 0.02.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cannell Capital LLC boosted its holdings in TheStreet by 64.0% during the fourth quarter. Cannell Capital LLC now owns 5,620,407 shares of the information services provider’s stock worth $11,409,000 after purchasing an additional 2,193,859 shares during the last quarter. B. Riley Financial Inc. boosted its stake in TheStreet by 1,524.9% in the fourth quarter. B. Riley Financial Inc. now owns 3,815,261 shares of the information services provider’s stock valued at $7,745,000 after acquiring an additional 3,580,461 shares during the last quarter. Impax Asset Management Group plc boosted its stake in TheStreet by 28.5% in the fourth quarter. Impax Asset Management Group plc now owns 2,252,775 shares of the information services provider’s stock valued at $4,573,000 after acquiring an additional 500,000 shares during the last quarter. Vanguard Group Inc boosted its stake in TheStreet by 9.0% in the third quarter. Vanguard Group Inc now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after acquiring an additional 123,066 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in TheStreet by 9.0% in the third quarter. Vanguard Group Inc. now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after acquiring an additional 123,066 shares during the last quarter. Institutional investors and hedge funds own 54.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was published by WKRB News and is the property of of WKRB News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.wkrb13.com/2019/03/14/thestreet-tst-posts-quarterly-earnings-results-beats-expectations-by-0-03-eps.html.
TheStreet Company Profile
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.
Recommended Story: Why is the LIBOR significant?
Receive News & Ratings for TheStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TheStreet and related companies with MarketBeat.com's FREE daily email newsletter.