In a report released today, Kara Anderson from B.Riley FBR reiterated a Buy rating on TheStreet (NASDAQ: TST), with a price target of $3. The company’s shares opened today at $2.27, close to its 52-week high of $2.50.
Anderson observed:
“Buy-rated TheStreet, Inc. (TST; $3.00 PT) will report 2Q18 results before market open on Wednesday, August 8. We forecast revenue, adjusted $15.7 million, $1.9 million, and $0.00, in line with consensus $15.6 million, $1.8 million, and $0.00, respectively. Management commentary around bookings has remained positive and deferred revenue is showing growth (particularly noteworthy is a trend reversal in B2C last quarter), which we think demonstrates progress on TST’s turnaround which we expect to be more meaningfully felt over the next six to nine months. The company has increased investment in its B2C premium newsletters business, deploying resources and hiring talent aimed at creating better content, new revenue streams, and more effective pricing and marketing strategies.”
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 14.5% and a 57.0% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Spark Networks Plc, and Nutrisystem Inc.
TheStreet has an analyst consensus of Moderate Buy, with a price target consensus of $3.
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Based on TheStreet’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $681.7K. In comparison, last year the company had a net profit of $344.7K.
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TheStreet, Inc. engages in the provision of financial news and information to investors and institutions worldwide. It operates through the following business segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. The TheDeal/BoardEx segment are based of proprietary and commercial systems developed for consumption by institutional clients.
