TheStreet, Inc. (NASDAQ:TST) – B. Riley issued their FY2020 EPS estimates for TheStreet in a research report issued on Wednesday, March 13th. B. Riley analyst K. Anderson anticipates that the information services provider will post earnings of ($0.12) per share for the year. B. Riley has a “Buy” rating on the stock.
TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $13.60 million. TheStreet had a negative return on equity of 3.35% and a net margin of 32.98%. During the same quarter in the previous year, the firm posted $0.07 EPS.
Shares of TST stock opened at $2.30 on Thursday. The stock has a market capitalization of $106.67 million, a PE ratio of -38.33 and a beta of 0.02. TheStreet has a 52-week low of $1.50 and a 52-week high of $2.50.
In related news, major shareholder Cannell Capital Llc acquired 15,294 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $2.19 per share, with a total value of $33,493.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 30.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Management Inc. acquired a new position in TheStreet in the 3rd quarter worth about $74,000. Northern Trust Corp raised its holdings in TheStreet by 54.4% in the 4th quarter. Northern Trust Corp now owns 84,289 shares of the information services provider’s stock worth $171,000 after purchasing an additional 29,704 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 168,874 shares during the period. Geode Capital Management LLC raised its holdings in TheStreet by 83.0% in the 4th quarter. Geode Capital Management LLC now owns 212,443 shares of the information services provider’s stock worth $431,000 after purchasing an additional 96,383 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in TheStreet in the 3rd quarter worth about $517,000. 54.00% of the stock is owned by institutional investors.
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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