TheStreet, Inc. (TST) Director Purchases $69,000.00 in Stock

TheStreet, Inc. (NASDAQ:TST) Director Kevin Rendino bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average price of $1.38 per share, with a total value of $69,000.00. Following the transaction, the director now directly owns 64,745 shares in the company, valued at $89,348.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Kevin Rendino also recently made the following trade(s):

  • On Monday, November 27th, Kevin Rendino bought 14,745 shares of TheStreet stock. The shares were purchased at an average price of $1.37 per share, with a total value of $20,200.65.

Shares of TheStreet, Inc. (NASDAQ:TST) traded up $0.07 during trading on Friday, hitting $1.47. 260,907 shares of the company were exchanged, compared to its average volume of 267,287. The firm has a market cap of $72.05, a PE ratio of 73.50 and a beta of 0.91. TheStreet, Inc. has a 1-year low of $0.61 and a 1-year high of $1.56.

TheStreet (NASDAQ:TST) last announced its earnings results on Monday, November 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same quarter last year, the company posted ($0.03) EPS. equities research analysts expect that TheStreet, Inc. will post -0.01 EPS for the current fiscal year.

TheStreet announced that its board has authorized a stock repurchase plan on Monday, November 13th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts recently issued reports on the stock. Lake Street Capital increased their target price on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research cut shares of TheStreet from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 6th. ValuEngine upgraded shares of TheStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, B. Riley set a $2.00 target price on shares of TheStreet and gave the stock a “buy” rating in a research report on Monday, November 13th.

An institutional investor recently raised its position in TheStreet stock. Renaissance Technologies LLC raised its stake in TheStreet, Inc. (NASDAQ:TST) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,743,100 shares of the information services provider’s stock after acquiring an additional 24,700 shares during the quarter. Renaissance Technologies LLC owned about 4.89% of TheStreet worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission. 32.91% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.com-unik.info/2017/12/03/thestreet-inc-tst-director-purchases-69000-00-in-stock.html.

TheStreet Company Profile

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.

Insider Buying and Selling by Quarter for TheStreet (NASDAQ:TST)

What are top analysts saying about TheStreet Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TheStreet Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit