TheStreet, Inc. (NASDAQ:TST) saw an uptick in trading volume on Friday . 817,620 shares were traded during mid-day trading, an increase of 509% from the previous session’s volume of 134,276 shares.The stock last traded at $1.47 and had previously closed at $1.42.
Several research analysts recently commented on TST shares. Northland Securities started coverage on shares of TheStreet in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price target on the stock. Lake Street Capital raised their price target on shares of TheStreet from $2.00 to $3.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. B. Riley set a $2.00 price target on shares of TheStreet and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research downgraded shares of TheStreet from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TheStreet currently has a consensus rating of “Buy” and an average price target of $2.31.
The stock has a market cap of $70.09, a P/E ratio of -4.18 and a beta of 0.82.
In related news, Director Stephen Zacharias purchased 20,000 shares of TheStreet stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of $1.40 per share, with a total value of $28,000.00. Following the purchase, the director now directly owns 203,977 shares of the company’s stock, valued at approximately $285,567.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Rendino purchased 50,000 shares of TheStreet stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of $1.38 per share, for a total transaction of $69,000.00. Following the purchase, the director now directly owns 64,745 shares in the company, valued at $89,348.10. The disclosure for this purchase can be found here. Insiders purchased a total of 98,745 shares of company stock worth $136,801 in the last ninety days. 9.70% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its holdings in TheStreet by 48.4% during the 4th quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock worth $268,000 after acquiring an additional 60,336 shares in the last quarter. Technology Crossover Management VI L.L.C. bought a new position in TheStreet during the 4th quarter worth about $8,700,000. Renaissance Technologies LLC grew its holdings in TheStreet by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock worth $3,359,000 after acquiring an additional 261,593 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in TheStreet during the 3rd quarter worth about $221,000. Institutional investors own 33.48% of the company’s stock.
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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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