Target Hospitality (NASDAQ:TH) Stock Price Down 2.7% - Should You Sell?

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s share price fell 2.7% on Monday . The stock traded as low as $6.81 and last traded at $6.81. 166,730 shares were traded during mid-day trading, a decline of 72% from the average session volume of 601,104 shares. The stock had previously closed at $7.00.

Analyst Ratings Changes

TH has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a report on Monday, March 31st. Northland Capmk upgraded Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Northland Securities upgraded shares of Target Hospitality from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th.

Target Hospitality Trading Down 0.7 %

The firm has a 50-day moving average of $6.70 and a two-hundred day moving average of $8.09. The firm has a market capitalization of $659.78 million, a P/E ratio of 7.63, a P/E/G ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The firm had revenue of $83.70 million during the quarter, compared to analysts' expectations of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The business's revenue for the quarter was down 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC grew its stake in shares of Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock valued at $44,000 after buying an additional 3,360 shares during the period. Maridea Wealth Management LLC acquired a new stake in Target Hospitality in the fourth quarter valued at approximately $103,000. Two Sigma Advisers LP bought a new stake in shares of Target Hospitality during the fourth quarter valued at approximately $105,000. XTX Topco Ltd acquired a new position in shares of Target Hospitality during the fourth quarter valued at about $113,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after purchasing an additional 1,650 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Company Profile

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.