Research Analysts Set Expectations for TheStreet, Inc.’s Q4 2018 Earnings (NASDAQ:TST)

TheStreet, Inc. (NASDAQ:TST) – Equities research analysts at B. Riley lifted their Q4 2018 earnings per share (EPS) estimates for TheStreet in a research note issued on Wednesday, according to Zacks Investment Research. B. Riley analyst K. Anderson now anticipates that the information services provider will post earnings of $0.02 per share for the quarter, up from their prior estimate of $0.01. B. Riley currently has a “Buy” rating and a $3.00 target price on the stock. B. Riley also issued estimates for TheStreet’s FY2019 earnings at $0.07 EPS.

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Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 target price for the company in a research report on Friday, March 9th. ValuEngine upgraded shares of TheStreet from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Northland Securities assumed coverage on shares of TheStreet in a report on Wednesday, December 13th. They set an “outperform” rating and a $3.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $2.63.

TST stock traded down $0.05 during midday trading on Friday, reaching $1.74. The company had a trading volume of 336,654 shares, compared to its average volume of 211,575. TheStreet has a 1 year low of $0.69 and a 1 year high of $1.95. The company has a market cap of $88.04, a price-to-earnings ratio of 22.00 and a beta of 0.43.

TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Monday, March 5th. The information services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. TheStreet had a net margin of 4.21% and a return on equity of 14.33%. The business had revenue of $15.98 million during the quarter, compared to the consensus estimate of $16.19 million.

Several institutional investors have recently added to or reduced their stakes in the company. Technology Crossover Management VI L.L.C. acquired a new position in TheStreet in the 4th quarter valued at $8,700,000. Renaissance Technologies LLC grew its stake in TheStreet by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock valued at $3,359,000 after buying an additional 261,593 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in TheStreet by 48.4% in the 4th quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock valued at $268,000 after buying an additional 60,336 shares during the last quarter. Institutional investors and hedge funds own 44.00% of the company’s stock.

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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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