Target Hospitality (NASDAQ:TH) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Target Hospitality (NASDAQ:TH) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other analysts have also issued research reports about the stock. Stifel Nicolaus upgraded shares of Target Hospitality from a “hold” rating to a “buy” rating and lifted their price target 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Target Hospitality Trading Up 0.3%

NASDAQ TH opened at $7.91 on Friday. The company’s fifty day simple moving average is $8.44 and its 200-day simple moving average is $7.51. Target Hospitality has a 52 week low of $4.00 and a 52 week high of $11.10. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07. The stock has a market cap of $789.26 million, a P/E ratio of 79.10 and a beta of 1.92.

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

Insider Buying and Selling at Target Hospitality

In other Target Hospitality news, EVP Troy C. Schrenk sold 49,344 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were 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 owned 174,553 shares in the company, valued at $1,497,664.74. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Heidi Diane Lewis sold 12,256 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $8.71, for a total transaction of $106,749.76. Following the sale, the executive vice president owned 172,198 shares of the company’s stock, valued at approximately $1,499,844.58. The trade was a 6.64% decrease in their position. The disclosure for this sale can be found here. 68.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rubric Capital Management LP boosted its holdings in shares of Target Hospitality by 9.5% during the second quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock valued at $15,589,000 after acquiring an additional 189,456 shares during the period. Appian Way Asset Management LP acquired a new position in shares of Target Hospitality during the first quarter valued at $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Target Hospitality during the first quarter valued at $11,441,000. Cooper Creek Partners Management LLC acquired a new position in shares of Target Hospitality during the second quarter valued at $8,556,000. Finally, American Century Companies Inc. boosted its holdings in shares of Target Hospitality by 7.3% during the second quarter. American Century Companies Inc. now owns 870,263 shares of the company’s stock valued at $6,196,000 after acquiring an additional 59,079 shares during the period. Institutional investors and hedge funds own 32.40% of the company’s stock.

About Target Hospitality

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.