Wall Street Zen Downgrades Titan Machinery (NASDAQ:TITN) to Sell

Key Points

• Titan Machinery has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a shift in analysts' confidence regarding its stock performance.
• B. Riley has raised its price target for Titan Machinery from $19.00 to $22.00, while the consensus target price currently stands at $22.25.
• The company reported a loss of ($0.26) earnings per share for the latest quarter, exceeding analysts' expectations of ($0.56) by a notable margin.

Wall Street Zen lowered shares of Titan Machinery (NASDAQ:TITN - Free Report) from a hold rating to a sell rating in a research report report published on Sunday.

Other equities research analysts have also recently issued research reports about the stock. Lake Street Capital reiterated a "hold" rating and set a $18.00 target price (up previously from $15.00) on shares of Titan Machinery in a research report on Friday, May 23rd. B. Riley increased their price objective on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $22.25.

Titan Machinery Price Performance

Shares of Titan Machinery stock traded down $0.67 during mid-day trading on Friday, reaching $19.28. 164,090 shares of the stock were exchanged, compared to its average volume of 161,119. The company has a market cap of $450.57 million, a price-to-earnings ratio of -7.14 and a beta of 1.30. The company has a current ratio of 1.31, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $18.51. Titan Machinery has a fifty-two week low of $12.50 and a fifty-two week high of $23.41.

Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $0.30. The business had revenue of $546.43 million during the quarter, compared to analysts' expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State of Wyoming boosted its stake in shares of Titan Machinery by 48.2% in the 2nd quarter. State of Wyoming now owns 9,442 shares of the company's stock valued at $187,000 after purchasing an additional 3,070 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Titan Machinery by 352.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company's stock valued at $52,000 after purchasing an additional 2,043 shares during the last quarter. EVR Research LP boosted its stake in shares of Titan Machinery by 11.1% in the 2nd quarter. EVR Research LP now owns 200,000 shares of the company's stock valued at $3,962,000 after purchasing an additional 20,000 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Titan Machinery in the 2nd quarter valued at about $403,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Titan Machinery by 445.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 111,185 shares of the company's stock valued at $2,203,000 after purchasing an additional 90,809 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.