Insider Buying: Team (NYSE:TISI) Director Acquires $45,420.00 in Stock

Team, Inc. (NYSE:TISI) Director Anthony Horton bought 2,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $22.71 per share, with a total value of $45,420.00. Following the completion of the acquisition, the director directly owned 24,082 shares in the company, valued at approximately $546,902.22. This trade represents a 9.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Team Trading Down 0.2%

Shares of Team stock opened at $22.67 on Monday. The firm has a market cap of $103.83 million, a P/E ratio of -2.41 and a beta of 1.04. Team, Inc. has a 12 month low of $12.34 and a 12 month high of $24.44. The stock’s fifty day moving average price is $17.98 and its 200-day moving average price is $16.51.

Team (NYSE:TISI) last released its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.94) by $4.21. The business had revenue of $228.68 million during the quarter, compared to analysts’ expectations of $208.88 million.

Team News Roundup

Here are the key news stories impacting Team this week:

• Positive Sentiment: Director Anthony R. Horton purchased 2,000 shares at an average price of $22.71, investing $45,420 and increasing his direct ownership by 9.06%. The open-market purchase may signal confidence in Team’s valuation and outlook. SEC insider transaction filing
• Positive Sentiment: Director Evan Lederman also bought 500 shares at $23.00, increasing his position by 7.6%. Two recent insider purchases could provide support for the shares by indicating that directors view the stock as attractive near current levels. Insider buying report
• Positive Sentiment: Team’s latest quarterly results were better than expected. The company reported a loss of $1.73 per share versus the anticipated loss of $5.94, while revenue of $228.68 million exceeded the $208.88 million consensus estimate. The earnings and revenue beats suggest stronger-than-expected execution, although they do not yet represent profitability.
• Neutral Sentiment: Institutional investors and hedge funds own approximately 46.6% of Team’s shares, and several reported modest increases in their holdings. This indicates ongoing institutional interest but does not constitute a new catalyst in the supplied news.
• Negative Sentiment: Team remains unprofitable, with a negative P/E ratio, and Weiss Ratings reaffirmed a “Sell” rating. MarketBeat reports an overall “Sell” consensus from analysts, which could weigh on the stock as investors assess whether the quarterly improvement can continue.
• Negative Sentiment: Because shares are trading near the 12-month high, some investors may be taking profits or requiring stronger evidence of sustained earnings improvement before bidding the stock higher.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Team

Institutional investors have recently modified their holdings of the company. Manatuck Hill Partners LLC raised its stake in shares of Team by 16.1% during the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 10,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Team by 1.7% during the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock worth $2,695,000 after purchasing an additional 2,667 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Team by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock worth $250,000 after purchasing an additional 1,204 shares in the last quarter. Barclays PLC lifted its holdings in shares of Team by 3.5% during the 3rd quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock valued at $4,966,000 after purchasing an additional 10,014 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in shares of Team by 5.1% during the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 834 shares during the last quarter. 46.57% of the stock is currently owned by institutional investors.

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.