Team (NYSE:TISI) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Team to “Hold,” although Weiss Ratings maintained a “sell (D-)” rating and the stock’s average analyst rating remains “Sell.”
• Team reported quarterly EPS of -$1.73, beating the consensus estimate of -$5.94, while revenue of $228.68 million exceeded expectations of $208.88 million.
• Insiders purchased 23,500 shares worth $575,750 over the past 90 days, and Team shares recently moved above their 200-day moving average, signaling increased momentum despite the company’s negative PE ratio.

Team (NYSE:TISI - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Team in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

Team Price Performance

TISI stock opened at $27.48 on Friday. Team has a 1 year low of $12.34 and a 1 year high of $28.48. The firm has a market capitalization of $125.86 million, a PE ratio of -2.92 and a beta of 1.14. The business has a 50 day simple moving average of $21.54 and a 200-day simple moving average of $18.13.

Team (NYSE:TISI - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, topping analysts' consensus estimates of ($5.94) by $4.21. The company had revenue of $228.68 million for the quarter, compared to analysts' expectations of $208.88 million.

Insiders Place Their Bets

In other Team news, CFO Clinton Roeder bought 8,000 shares of Team stock in a transaction on Thursday, September 3rd. The shares were bought at an average cost of $27.59 per share, for a total transaction of $220,720.00. Following the acquisition, the chief financial officer directly owned 17,000 shares in the company, valued at $469,030. This represents a 88.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony Horton acquired 2,000 shares of Team stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $22.90 per share, for a total transaction of $45,800.00. Following the completion of the purchase, the director owned 28,082 shares of the company's stock, valued at approximately $643,077.80. This represents a 7.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 23,500 shares of company stock valued at $575,750 over the last ninety days. Insiders own 8.80% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Team stock. Dimensional Fund Advisors LP lifted its stake in shares of Team, Inc. (NYSE:TISI - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,952 shares of the business services provider's stock after buying an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 46.57% of the company's stock.

Key Headlines Impacting Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team shares moved above the 200-day moving average, reinforcing the stock’s recent upward trend and potentially attracting momentum-oriented investors. Team Stock Crosses Above 200-Day Moving Average — What’s Next?

About Team

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company's services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.

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