Target Hospitality Corp. (NASDAQ:TH) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Target Hospitality Corp. has received a consensus recommendation of "Moderate Buy" from analysts, with an average twelve-month price target of $13.00.
• The company reported a revenue of $61.61 million for the quarter, surpassing analysts' expectations of $56.43 million, but missed earnings per share expectations.
• Institutional investors increased their stake in Target Hospitality significantly, with AdvisorNet Financial Inc boosting its position by 1,305.4% during the second quarter.

Shares of Target Hospitality Corp. (NASDAQ:TH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.00.

Several research analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and raised their target price for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. Weiss Ratings reissued a "sell (d+)" rating on shares of Target Hospitality in a report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Sunday, September 21st.

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded up $0.02 on Friday, hitting $7.91. 340,242 shares of the company were exchanged, compared to its average volume of 577,217. 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's 50 day moving average price is $8.44 and its 200 day moving average price is $7.50. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.10. The firm has a market capitalization of $789.26 million, a P/E ratio of 79.10 and a beta of 1.92.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its earnings results 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 business had revenue of $61.61 million for the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. Sell-side analysts predict that Target Hospitality will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other Target Hospitality news, EVP Heidi Diane Lewis sold 12,256 shares of Target Hospitality stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Troy C. Schrenk sold 49,344 shares of Target Hospitality 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 transaction, the executive vice president directly owned 174,553 shares of the company's stock, valued at $1,497,664.74. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. 68.00% of the stock is currently owned by insiders.

Institutional Trading of Target Hospitality

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc increased its stake in shares of Target Hospitality by 1,305.4% during the second quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock worth $30,000 after purchasing an additional 3,864 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Target Hospitality during the fourth quarter worth about $105,000. Royce & Associates LP boosted its position in Target Hospitality by 44.0% during the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock worth $104,000 after acquiring an additional 4,819 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Target Hospitality during the first quarter worth about $108,000. Finally, AQR Capital Management LLC acquired a new position in Target Hospitality during the first quarter worth about $114,000. Hedge funds and other institutional investors 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.

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