TheStreet (NASDAQ:TST) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday, February 4th.
Separately, B. Riley set a $3.00 price objective on shares of TheStreet and gave the stock a “buy” rating in a research note on Thursday, December 6th.
NASDAQ TST remained flat at $$2.21 on Monday. 51,424 shares of the company were exchanged, compared to its average volume of 51,179. The firm has a market cap of $110.14 million, a price-to-earnings ratio of 27.63 and a beta of 0.05. TheStreet has a 12-month low of $1.25 and a 12-month high of $2.50.
In other TheStreet news, major shareholder Cannell Capital Llc acquired 277,860 shares of TheStreet stock in a transaction dated Friday, December 7th. The stock was bought at an average cost of $2.07 per share, for a total transaction of $575,170.20. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 30.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. B. Riley Wealth Management Inc. acquired a new stake in TheStreet in the 3rd quarter valued at about $74,000. Northern Trust Corp raised its holdings in TheStreet by 54.4% in the 4th quarter. Northern Trust Corp now owns 84,289 shares of the information services provider’s stock valued at $171,000 after acquiring an additional 29,704 shares during the period. Dimensional Fund Advisors LP raised its holdings in TheStreet by 645.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock valued at $429,000 after acquiring an additional 168,874 shares during the period. Geode Capital Management LLC raised its holdings in TheStreet by 83.0% in the 4th quarter. Geode Capital Management LLC now owns 212,443 shares of the information services provider’s stock valued at $431,000 after acquiring an additional 96,383 shares during the period. Finally, B. Riley Financial Inc. bought a new position in TheStreet in the 3rd quarter valued at about $517,000. Institutional investors and hedge funds own 58.50% of the company’s stock.
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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