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 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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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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