Wall Street Zen Downgrades Target Hospitality (NASDAQ:TH) to Sell

Target Hospitality (NASDAQ:TH) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus upgraded Target Hospitality from a “hold” rating to a “buy” rating and raised their price objective for the stock from $7.50 to $11.00 in a research note on Tuesday, August 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Target Hospitality in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Target Hospitality Trading Up 0.3%

Shares of NASDAQ:TH opened at $7.91 on Friday. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.10. The stock has a market cap of $789.26 million, a price-to-earnings ratio of 79.10 and a beta of 1.92. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $8.44 and a 200-day moving average price of $7.52.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The firm had revenue of $61.61 million during the quarter, compared to analysts’ expectations of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. Equities analysts predict that Target Hospitality will post 0.65 EPS for the current year.

Insider Activity at Target Hospitality

In other Target Hospitality news, EVP Troy C. Schrenk sold 49,344 shares of the firm’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 value of $423,371.52. Following the sale, the executive vice president directly owned 174,553 shares of the company’s stock, valued at approximately $1,497,664.74. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Heidi Diane Lewis sold 12,256 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $8.71, for a total value of $106,749.76. Following the completion of the sale, the executive vice president directly owned 172,198 shares in the company, valued at approximately $1,499,844.58. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 68.00% of the stock is currently owned by company insiders.

Institutional Trading of Target Hospitality

Several institutional investors have recently bought and sold shares of TH. Two Sigma Advisers LP acquired a new stake in Target Hospitality in the fourth quarter valued at approximately $105,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Target Hospitality by 28.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company’s stock worth $977,000 after acquiring an additional 22,355 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Target Hospitality by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company’s stock worth $588,000 after acquiring an additional 1,493 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Target Hospitality by 37.9% in the first quarter. Exchange Traded Concepts LLC now owns 41,942 shares of the company’s stock worth $276,000 after acquiring an additional 11,536 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in shares of Target Hospitality in the first quarter worth approximately $334,000. 32.40% of the stock is owned by institutional investors and hedge funds.

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.