BidaskClub upgraded shares of Team, Inc. (NYSE:TISI) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Team from a hold rating to a sell rating in a report on Friday, June 2nd. Stephens cut shares of Team from an overweight rating to an equal weight rating and cut their price objective for the stock from $34.00 to $19.00 in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Team from a hold rating to a strong sell rating in a report on Friday, May 19th. Johnson Rice cut shares of Team from a buy rating to a hold rating and cut their price objective for the stock from $36.00 to $26.00 in a report on Tuesday, July 25th. Finally, TheStreet cut shares of Team from a c- rating to a d+ rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Team presently has an average rating of Hold and an average target price of $22.50.

Team (NYSE:TISI) opened at 12.90 on Friday. Team has a 1-year low of $10.45 and a 1-year high of $39.70. The firm’s market capitalization is $384.92 million. The firm has a 50-day moving average price of $16.08 and a 200-day moving average price of $24.29.

Team (NYSE:TISI) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.54. The business had revenue of $312.26 million during the quarter, compared to analysts’ expectations of $309.60 million. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. Equities analysts expect that Team will post ($0.52) earnings per share for the current fiscal year.

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In other news, Director Louis A. Waters purchased 12,500 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $11.40 per share, for a total transaction of $142,500.00. Following the completion of the acquisition, the director now directly owns 160,580 shares in the company, valued at approximately $1,830,612. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Louis A. Waters purchased 17,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the acquisition, the director now owns 160,580 shares of the company’s stock, valued at $1,830,612. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 36,000 shares of company stock worth $408,130. Corporate insiders own 4.10% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in Team by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after buying an additional 2,613 shares during the last quarter. UBS Group AG boosted its stake in Team by 21.6% in the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after buying an additional 1,003 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock worth $163,000 after buying an additional 300 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock worth $187,000 after buying an additional 452 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Team by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,482 shares of the business services provider’s stock worth $222,000 after buying an additional 3,469 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Team Company Profile

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

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