In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on TheStreet (TST), with a price target of $10.
Grondahl observed:
“We highlight BoardEx generated reported revenue of $23.8M in 2017 and $25.6M in 2018. The sale closed in the stub results were reported in discontinued operations. As noted above, TST paid a special dividend in late April 2019.”
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 21.0% and a 62.7% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TheStreet with a $30 average price target.
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Based on TheStreet’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.31 million. In comparison, last year the company had a GAAP net loss of $681.7K.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
