TheStreet, Inc. (TST) Major Shareholder Cannell Capital Llc Acquires 15,294 Shares

TheStreet, Inc. (NASDAQ:TST) major shareholder Cannell Capital Llc bought 15,294 shares of TheStreet stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost 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 is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

TST remained flat at $$2.30 on Friday. 242,961 shares of the company traded hands, compared to its average volume of 95,582. TheStreet, Inc. has a 1-year low of $1.50 and a 1-year high of $2.50. The company has a market capitalization of $106.67 million, a PE ratio of -38.33 and a beta of 0.02.

TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. TheStreet had a net margin of 32.98% and a negative return on equity of 3.35%. The business had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $13.60 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. On average, analysts expect that TheStreet, Inc. will post -0.08 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of TST. B. Riley Financial Inc. lifted its position in TheStreet by 1,524.9% during the fourth quarter. B. Riley Financial Inc. now owns 3,815,261 shares of the information services provider’s stock worth $7,745,000 after purchasing an additional 3,580,461 shares during the period. Cannell Capital LLC lifted its position in TheStreet by 64.0% during the fourth quarter. Cannell Capital LLC now owns 5,620,407 shares of the information services provider’s stock worth $11,409,000 after purchasing an additional 2,193,859 shares during the period. Impax Asset Management Group plc lifted its position in TheStreet by 28.5% during the fourth quarter. Impax Asset Management Group plc now owns 2,252,775 shares of the information services provider’s stock worth $4,573,000 after purchasing an additional 500,000 shares during the period. Ativo Capital Management LLC lifted its position in TheStreet by 530.2% during the third quarter. Ativo Capital Management LLC now owns 500,153 shares of the information services provider’s stock worth $1,100,000 after purchasing an additional 420,785 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in TheStreet by 645.3% during the third 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. 54.00% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of TheStreet from a “buy” rating to a “hold” rating in a research report on Friday. Finally, B. Riley set a $3.00 price objective on shares of TheStreet and gave the stock a “buy” rating in a research report on Thursday, December 6th.

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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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