Target Hospitality (NASDAQ:TH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Target Hospitality (NASDAQ:TH) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other research firms have also recently issued reports on TH. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a report on Thursday. Stifel Nicolaus upgraded Target Hospitality from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $11.00 in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Target Hospitality presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Target Hospitality Price Performance

TH stock opened at $6.38 on Friday. The stock has a market cap of $636.60 million, a PE ratio of -57.99 and a beta of 1.82. Target Hospitality has a 12 month low of $4.00 and a 12 month high of $11.10. The company has a 50-day moving average price of $7.72 and a 200 day moving average price of $7.67. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. The company had revenue of $99.36 million for the quarter, compared to analyst estimates of $85.30 million. Target Hospitality has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Target Hospitality will post 0.65 earnings per share for the current year.

Insider Transactions at Target Hospitality

In other Target Hospitality news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $7.09, for a total transaction of $63,810.00. Following the transaction, the executive vice president directly owned 163,198 shares in the company, valued at $1,157,073.82. This represents a 5.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Troy C. Schrenk sold 49,344 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $8.58, for a total transaction of $423,371.52. Following the completion of the sale, the executive vice president directly owned 174,553 shares of the company’s stock, valued at $1,497,664.74. The trade was a 22.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 70,600 shares of company stock valued at $593,931. 68.00% of the stock is owned by insiders.

Institutional Trading of Target Hospitality

Several hedge funds and other institutional investors have recently bought and sold shares of TH. Rubric Capital Management LP raised its position in shares of Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after acquiring an additional 189,456 shares in the last quarter. Vanguard Group Inc. grew its stake in Target Hospitality by 43.0% in the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after purchasing an additional 600,181 shares during the last quarter. Appian Way Asset Management LP bought a new position in Target Hospitality in the first quarter worth about $11,872,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Target Hospitality during the first quarter valued at about $11,441,000. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of Target Hospitality during the second quarter valued at about $8,556,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.