Target Hospitality (NASDAQ:TH) Shares Gap Down - What's Next?

Key Points

• Target Hospitality's stock opened at $8.20, down from a previous close of $8.48, with recent trading around $8.18.
• Analysts have issued mixed ratings: one Strong Buy, two Buy, and one Hold, with an average price target of $13.00.
• The company reported a net loss of ($0.15) EPS for the last quarter, missing consensus estimates, while revenue exceeded expectations at $61.61 million.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.48, but opened at $8.20. Target Hospitality shares last traded at $8.18, with a volume of 69,818 shares trading hands.

Analysts Set New Price Targets

TH has been the topic of several recent research reports. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Sunday, September 21st. Stifel Nicolaus upgraded shares of Target Hospitality from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $13.00.

Target Hospitality Trading Down 4.2%

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 business's 50-day moving average is $8.43 and its two-hundred day moving average is $7.48. The firm has a market cap of $810.81 million, a P/E ratio of 81.50 and a beta of 2.00.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its 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 firm had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. Target Hospitality has set its FY 2025 guidance at EPS. As a group, analysts expect that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Target Hospitality

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Appian Way Asset Management LP acquired a new stake in Target Hospitality during the first quarter valued at approximately $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Target Hospitality in the 1st quarter valued at approximately $11,441,000. Cooper Creek Partners Management LLC acquired a new position in Target Hospitality in the 2nd quarter valued at approximately $8,556,000. Pacer Advisors Inc. acquired a new position in Target Hospitality in the 1st quarter valued at approximately $2,812,000. Finally, Kore Advisors LP acquired a new position in Target Hospitality in the 1st quarter valued at approximately $1,589,000. 32.40% of the stock is owned by institutional investors and hedge funds.

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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