TheStreet, Inc. (NASDAQ:TST) Lifted to “Buy” at Zacks Investment Research

TheStreet, Inc. (NASDAQ:TST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $1.00 target price on the information services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 13.64% from the stock’s previous close.

According to Zacks, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution. “

Separately, B. Riley reiterated a “buy” rating and set a $2.10 price objective on shares of TheStreet in a research note on Wednesday, May 10th.

TheStreet (NASDAQ:TST) opened at 0.88 on Wednesday. TheStreet has a one year low of $0.61 and a one year high of $1.28. The firm’s market cap is $31.38 million. The stock’s 50 day moving average is $0.87 and its 200 day moving average is $0.83.

TheStreet (NASDAQ:TST) last released its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.08. TheStreet had a negative return on equity of 4.43% and a negative net margin of 24.24%. The firm had revenue of $15.28 million during the quarter, compared to analyst estimates of $15.29 million. During the same period in the prior year, the company posted ($0.10) earnings per share. On average, equities research analysts expect that TheStreet will post ($0.06) earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in TST. Cannell Capital LLC boosted its stake in shares of TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock valued at $2,568,000 after buying an additional 200,000 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock valued at $2,357,000 after buying an additional 165,053 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of TheStreet by 1.4% in the first quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock valued at $1,325,000 after buying an additional 24,700 shares during the last quarter. Finally, B. Riley Financial Inc. acquired a new stake in shares of TheStreet during the first quarter valued at approximately $546,000. Institutional investors own 49.85% of the company’s stock.

About TheStreet

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.

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