Weiss Ratings Reaffirms Sell (D+) Rating for Target Hospitality (NASDAQ:TH)

Key Points

• Weiss Ratings has reaffirmed a "sell (D+)" rating for Target Hospitality (NASDAQ:TH), indicating a continued negative outlook on the stock.
• Target Hospitality's stock has experienced fluctuations, recently opening at $7.78, while it has a one-year low of $4.00 and a high of $11.10.
• Insider selling was noted, with executives selling substantial shares, including EVP Heidi Diane Lewis who sold over 12,000 shares priced at an average of $8.71.

Target Hospitality (NASDAQ:TH - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus upgraded Target Hospitality from a "hold" rating to a "buy" rating and increased their price target for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. Wall Street Zen downgraded Target Hospitality from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Target Hospitality presently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Target Hospitality Stock Up 1.3%

Shares of Target Hospitality stock opened at $7.78 on Wednesday. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.10. The business has a 50-day moving average of $8.45 and a two-hundred day moving average of $7.55. The company has a market capitalization of $776.29 million, a P/E ratio of 77.80 and a beta of 1.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Target Hospitality will post 0.65 EPS for the current year.

Insider Buying and Selling at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 12,256 shares of Target Hospitality stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $8.71, for a total value of $106,749.76. Following the transaction, the executive vice president owned 172,198 shares in the company, valued at approximately $1,499,844.58. This trade represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $423,371.52. Following the completion of the transaction, the executive vice president owned 174,553 shares in the company, valued at approximately $1,497,664.74. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. Company insiders own 68.00% of the company's stock.

Institutional Investors Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc grew its position in shares of Target Hospitality by 1,305.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock valued at $30,000 after buying an additional 3,864 shares during the last quarter. Royce & Associates LP grew its position in shares of Target Hospitality by 44.0% in the 1st quarter. Royce & Associates LP now owns 15,783 shares of the company's stock valued at $104,000 after buying an additional 4,819 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Target Hospitality in the 1st quarter valued at about $108,000. AQR Capital Management LLC bought a new stake in shares of Target Hospitality in the 1st quarter valued at about $114,000. Finally, Strs Ohio bought a new stake in shares of Target Hospitality in the 1st quarter valued at about $131,000. 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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