Insider Buying: TheStreet, Inc. (TST) Director Buys $28,000.00 in Stock

TheStreet, Inc. (NASDAQ:TST) 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 transaction, the director now owns 203,977 shares in the company, valued at $285,567.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Stephen Zacharias also recently made the following trade(s):

  • On Wednesday, November 15th, Stephen Zacharias purchased 30,000 shares of TheStreet stock. The shares were bought at an average price of $1.32 per share, with a total value of $39,600.00.

TheStreet, Inc. (TST) remained flat at $$1.55 during trading hours on Thursday. The company had a trading volume of 123,432 shares, compared to its average volume of 104,479. The stock has a market cap of $77.44, a PE ratio of 79.00 and a beta of 0.94. TheStreet, Inc. has a 52 week low of $0.61 and a 52 week high of $1.64.

TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Monday, November 13th. The information services provider reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $15.73 million. TheStreet had a negative net margin of 19.60% and a positive return on equity of 1.04%. During the same quarter last year, the company 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 buyback program on Monday, November 13th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

A hedge fund recently bought a new stake in TheStreet stock. Essex Investment Management Co. LLC purchased a new position in shares of TheStreet, Inc. (NASDAQ:TST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned approximately 0.57% of TheStreet at the end of the most recent reporting period. 32.91% of the stock is owned by institutional investors.

Several brokerages recently issued reports on TST. Lake Street Capital upped their price objective on shares of TheStreet from $2.00 to $3.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Tuesday, October 24th. ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, B. Riley set a $2.00 price target on shares of TheStreet and gave the company a “buy” rating in a research note on Monday, November 13th.

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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.

Insider Buying and Selling by Quarter for TheStreet (NASDAQ:TST)

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