TSS (NASDAQ:TSSI) Stock Price Target Cut by Needham & Company LLC

Key Points

• Needham lowered its TSS price target from $13 to $9 but maintained a Buy rating; the new target implies 51.26% upside from the current price.
• Analyst views are mixed: one rates the stock Buy and two rate it Hold, giving TSS a consensus Hold rating and an average $12 price target.
• TSS shares opened at $5.95, near their 12-month low of $5.90. In its latest quarter, the company reported EPS of $0.04, above the $0.03 consensus estimate, and revenue of $50.06 million.

TSS (NASDAQ:TSSI - Get Free Report) had its target price reduced by investment analysts at Needham & Company LLC from $13.00 to $9.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price objective points to a potential upside of 51.26% from the company's current price.

TSSI has been the subject of several other reports. Wall Street Zen upgraded TSS from a "sell" rating to a "hold" rating in a report on Saturday, October 17th. Weiss Ratings restated a "hold (c)" rating on shares of TSS in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.00.

TSS Stock Down 13.1%

Shares of NASDAQ:TSSI opened at $5.95 on Friday. The stock's 50-day moving average price is $8.40 and its 200-day moving average price is $10.75. TSS has a 12-month low of $5.90 and a 12-month high of $17.77. The stock has a market capitalization of $167.90 million, a P/E ratio of 12.40 and a beta of 2.06. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. TSS had a return on equity of 19.22% and a net margin of 7.44%. The firm had revenue of $50.06 million for the quarter. On average, equities analysts anticipate that TSS will post 0.24 earnings per share for the current year.

Institutional Trading of TSS

Institutional investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of TSS during the 2nd quarter valued at about $26,000. Vestor Capital LLC grew its stake in shares of TSS by 3,305.5% in the third quarter. Vestor Capital LLC now owns 6,811 shares of the company's stock worth $66,000 after acquiring an additional 6,611 shares during the period. Cura Wealth Advisors LLC bought a new stake in shares of TSS in the first quarter worth approximately $130,000. Independent Financial Group LLC purchased a new position in shares of TSS during the first quarter valued at approximately $134,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of TSS by 38.5% during the third quarter. Commonwealth Equity Services LLC now owns 15,249 shares of the company's stock valued at $148,000 after purchasing an additional 4,240 shares during the last quarter.

TSS Company Profile

TSS, Inc NASDAQ: TSSI provides data center infrastructure solutions and related services for organizations that require reliable, scalable computing environments. The company supports the planning, design, deployment, and operation of data center facilities and technology infrastructure.

Its services may include data center engineering and construction support, equipment procurement and integration, installation, infrastructure management, and ongoing maintenance. TSS serves customers with demanding information technology requirements, including enterprises, technology companies, and data center operators.

The company's activities are centered on helping customers build and maintain physical environments for servers, networking equipment, storage systems, power systems, and cooling infrastructure.

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