Shares of Team, Inc. (NYSE:TISI) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.50.

TISI has been the topic of a number of research analyst reports. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and decreased their price target for the company from $36.00 to $26.00 in a report on Tuesday, July 25th. BidaskClub upgraded shares of Team from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. ValuEngine lowered shares of Team from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th.

In other Team news, Director Louis A. Waters bought 17,500 shares of Team stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired 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 approximately $1,830,612. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffery Gerald Davis bought 5,000 shares of Team stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $54,800.00. Following the acquisition, the director now directly owns 13,869 shares in the company, valued at approximately $152,004.24. The disclosure for this purchase can be found here. Insiders have purchased a total of 36,000 shares of company stock worth $408,130 in the last 90 days. Company insiders own 4.10% of the company’s stock.

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

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Team (TISI) traded down 0.76% on Tuesday, reaching $13.10. The company’s stock had a trading volume of 639,080 shares. The firm has a 50 day moving average price of $12.23 and a 200 day moving average price of $21.76. Team has a 52 week low of $10.45 and a 52 week high of $39.70. The stock’s market capitalization is $390.89 million.

Team (NYSE:TISI) last announced its quarterly earnings results 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 company had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. On average, equities analysts anticipate that Team will post ($0.52) EPS for the current year.

About Team

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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