TheStreet (TST) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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.

Several equities research analysts have recently commented on TST shares. B. Riley set a $3.00 target price on shares of TheStreet and gave the stock a “buy” rating in a research report on Thursday, December 6th. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Tuesday, March 5th. Finally, ValuEngine cut shares of TheStreet from a “buy” rating to a “hold” rating in a report on Monday, February 4th.

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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.

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Earnings History for TheStreet (NASDAQ:TST)

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