TheStreet, Inc. (NASDAQ:TST) CFO Eric F. Lundberg Acquires 19,138 Shares

TheStreet, Inc. (NASDAQ:TST) CFO Eric F. Lundberg bought 19,138 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $1.30 per share, for a total transaction of $24,879.40. Following the transaction, the chief financial officer now owns 31,153 shares of the company’s stock, valued at $40,498.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TheStreet, Inc. (TST) traded up $0.07 during midday trading on Monday, hitting $1.47. The stock had a trading volume of 260,900 shares, compared to its average volume of 101,655. The stock has a market cap of $72.05, a PE ratio of 73.50 and a beta of 0.94. TheStreet, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $1.56.

TheStreet (NASDAQ:TST) last announced its earnings results on Monday, November 13th. The information services provider reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. TheStreet had a positive return on equity of 1.04% and a negative net margin of 19.60%. The company had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. During the same period last year, the business posted ($0.03) EPS. equities analysts forecast that TheStreet, Inc. will post -0.01 earnings per share for the current fiscal year.

TheStreet announced that its board has initiated a share repurchase plan on Monday, November 13th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

TST has been the topic of several recent research reports. B. Riley restated a “buy” rating and issued a $2.10 price objective on shares of TheStreet in a research report on Tuesday, August 8th. Zacks Investment Research raised TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research note on Wednesday, October 18th. Lake Street Capital increased their price objective on TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, ValuEngine raised TheStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th.

An institutional investor recently raised its position in TheStreet stock. Renaissance Technologies LLC raised its stake in TheStreet, Inc. (NASDAQ:TST) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,743,100 shares of the information services provider’s stock after purchasing an additional 24,700 shares during the period. Renaissance Technologies LLC owned about 4.89% of TheStreet worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 32.91% of the stock is owned by hedge funds and other institutional investors.

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TheStreet Company Profile

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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