Somewhat Positive Media Coverage Somewhat Unlikely to Impact TheStreet (TST) Stock Price
News headlines about TheStreet (NASDAQ:TST) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TheStreet earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 47.8934053271356 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Zacks: Brokerages Set $3.00 Price Target for TheStreet, Inc. (TST) (americanbankingnews.com)
- Peloton CEO Sees IPO in Near Future (thestreet.com)
- TheStreet -2.3% as revenues dip amid ad shift (seekingalpha.com)
- TheStreet’s (TST) CEO David Callaway on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- TheStreet Brings Market News to Smart Speakers (radiofacts.com)
TST has been the topic of a number of recent research reports. B. Riley upped their price target on TheStreet from $2.75 to $3.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Zacks Investment Research downgraded shares of TheStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2.63.
TheStreet (NASDAQ:TST) last announced its quarterly earnings results on Wednesday, August 8th. The information services provider reported ($0.02) EPS for the quarter. The business had revenue of $13.59 million for the quarter, compared to analysts’ expectations of $15.35 million. TheStreet had a net margin of 50.81% and a return on equity of 5.68%. sell-side analysts anticipate that TheStreet will post 0.49 EPS for the current fiscal year.
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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