TSS (NASDAQ:TSSI) Coverage Initiated at Singular Research

Key Points

• Singular Research has initiated coverage of TSS (NASDAQ:TSSI) with a "buy" rating and set a price target of $20.50, indicating a potential upside of 33.29% from the previous close.
• Shares of TSS currently hold an average rating of "Buy" but recently faced a downgrade from Wall Street Zen from "buy" to "hold".
• Insider activity saw CFO Daniel M. Chism and COO Karl Todd Marrott sell shares at an average price of $16.17, indicating a notable decrease in their positions.

Singular Research initiated coverage on shares of TSS (NASDAQ:TSSI - Get Free Report) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $20.50 price target on the stock. Singular Research's price target would suggest a potential upside of 33.29% from the company's previous close.

Separately, Wall Street Zen cut shares of TSS from a "buy" rating to a "hold" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, TSS presently has an average rating of "Buy" and a consensus target price of $20.50.

TSS Stock Down 3.9%

Shares of TSSI stock opened at $15.38 on Tuesday. The stock has a market cap of $390.10 million, a P/E ratio of 42.72 and a beta of 1.77. TSS has a 52 week low of $5.04 and a 52 week high of $31.94. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 2.05. The company's fifty day simple moving average is $19.87 and its two-hundred day simple moving average is $15.39.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 EPS for the quarter. The business had revenue of $43.97 million for the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%.

Insider Activity

In other TSS news, CFO Daniel M. Chism sold 15,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total transaction of $242,550.00. Following the sale, the chief financial officer owned 296,219 shares in the company, valued at approximately $4,789,861.23. The trade was a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 11,100 shares of TSS stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $179,487.00. Following the transaction, the chief operating officer directly owned 295,575 shares in the company, valued at approximately $4,779,447.75. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,925 shares of company stock worth $1,099,233. 18.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On TSS

Several institutional investors and hedge funds have recently bought and sold shares of TSSI. Geode Capital Management LLC grew its stake in shares of TSS by 167.1% in the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company's stock valued at $11,242,000 after buying an additional 243,910 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in TSS in the 2nd quarter worth approximately $8,862,000. Palisades Investment Partners LLC lifted its holdings in shares of TSS by 2.0% during the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock worth $2,024,000 after buying an additional 5,142 shares during the last quarter. Value Aligned Research Advisors LLC lifted its holdings in shares of TSS by 34.0% during the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock worth $1,979,000 after buying an additional 63,982 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of TSS during the second quarter worth approximately $6,801,000.

About TSS

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments.

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