TheStreet (TST) Price Target Raised to $10.00

TheStreet (NASDAQ:TST) had its target price upped by Northland Securities from $3.00 to $10.00 in a report released on Wednesday morning, The Fly reports. Northland Securities currently has an outperform rating on the information services provider’s stock.

A number of other research analysts also recently weighed in on TST. Zacks Investment Research downgraded shares of TheStreet from a buy rating to a hold rating in a research report on Friday, March 15th. ValuEngine downgraded shares of TheStreet from a buy rating to a hold rating in a research report on Thursday, May 2nd. Lake Street Capital set a $30.00 target price on shares of TheStreet and gave the company a buy rating in a research report on Thursday, April 4th. Finally, B. Riley reissued a buy rating on shares of TheStreet in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $23.75.

NASDAQ:TST traded up $0.13 on Wednesday, hitting $6.89. The stock had a trading volume of 1 shares, compared to its average volume of 20,169. The firm has a market cap of $36.08 million, a price-to-earnings ratio of -11.39 and a beta of 0.05. TheStreet has a 1 year low of $6.34 and a 1 year high of $25.00.

TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Tuesday, May 14th. The information services provider reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The firm had revenue of $6.69 million during the quarter, compared to analyst estimates of $9.37 million. TheStreet had a net margin of 32.98% and a negative return on equity of 3.32%. During the same quarter last year, the business posted ($0.10) EPS. Analysts expect that TheStreet will post -0.7 earnings per share for the current year.

The business also recently announced a special dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were given a dividend of $17.70 per share. The ex-dividend date of this dividend was Tuesday, April 23rd.

In related news, major shareholder Cannell Capital Llc bought 11,989 shares of TheStreet stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of $6.71 per share, with a total value of $80,446.19. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 30,982 shares of company stock valued at $139,236 over the last three months. Insiders own 30.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in TheStreet by 645.3% in the third quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock valued at $429,000 after purchasing an additional 168,874 shares in the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 123,066 shares in the last quarter. Vanguard Group Inc grew 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 purchasing an additional 123,066 shares in the last quarter. B. Riley Financial Inc. grew 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 purchasing an additional 3,580,461 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in TheStreet by 6.2% in the fourth quarter. Acadian Asset Management LLC now owns 260,738 shares of the information services provider’s stock valued at $529,000 after purchasing an additional 15,244 shares in the last quarter.

About TheStreet

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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