TheStreet (NASDAQ:TST) Getting Positive News Coverage, Report Finds

News articles about TheStreet (NASDAQ:TST) have been trending positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TheStreet earned a news impact score of 2.09 on their scale. InfoTrie also assigned media headlines about the information services provider an news buzz score of 1 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

NASDAQ:TST traded up $0.01 during trading hours on Wednesday, reaching $6.15. The company had a trading volume of 15,602 shares, compared to its average volume of 20,901. TheStreet has a 1-year low of $5.48 and a 1-year high of $25.00. The company has a market capitalization of $32.79 million, a price-to-earnings ratio of -10.25 and a beta of 0.17. The stock has a 50 day moving average price of $6.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.23 and a current ratio of 6.23.

TheStreet (NASDAQ:TST) last announced its quarterly earnings results on Tuesday, May 14th. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. TheStreet had a negative return on equity of 2.15% and a net margin of 143.87%. The company had revenue of $6.69 million during the quarter, compared to the consensus estimate of $9.37 million. During the same period in the previous year, the company posted ($0.10) earnings per share. On average, equities analysts anticipate that TheStreet will post -1.49 earnings per share for the current year.

A number of equities research analysts recently commented on the company. ValuEngine downgraded TheStreet from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Lake Street Capital downgraded TheStreet from a “buy” rating to a “hold” rating and decreased their target price for the stock from $9.00 to $6.33 in a report on Wednesday, June 12th. Zacks Investment Research reaffirmed a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th. Finally, Northland Securities reaffirmed a “buy” rating and set a $42.00 target price on shares of Varex Imaging in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. TheStreet has an average rating of “Hold” and an average target price of $17.83.

In related news, major shareholder Cannell Capital Llc purchased 11,989 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $6.71 per share, with a total value of $80,446.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 15,688 shares of company stock valued at $105,742 over the last three months. 30.00% of the stock is currently owned by corporate insiders.

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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