Target Hospitality (NASDAQ:TH) Trading Down 12.4% – What’s Next?

Target Hospitality Corp. (NASDAQ:TH)’s share price traded down 12.4% on Thursday . The stock traded as low as $6.63 and last traded at $6.7660. 406,567 shares changed hands during trading, a decline of 27% from the average session volume of 555,419 shares. The stock had previously closed at $7.72.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus upgraded Target Hospitality from a “hold” rating to a “buy” rating and boosted their target price for the stock from $7.50 to $11.00 in a research note on Tuesday, August 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Target Hospitality in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Target Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Target Hospitality presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Target Hospitality Stock Performance

The business has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $7.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $639.59 million, a PE ratio of -58.27 and a beta of 1.82.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Target Hospitality had a negative return on equity of 1.77% and a negative net margin of 3.08%.The company had revenue of $99.36 million during the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality has set its FY 2025 guidance at EPS. Equities research analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Troy C. Schrenk sold 49,344 shares of the 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 sale, the executive vice president directly owned 174,553 shares of the company’s stock, valued at $1,497,664.74. This represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction on Monday, October 20th. The shares were sold at an average price of $7.09, for a total transaction of $63,810.00. Following the transaction, the executive vice president owned 163,198 shares in the company, valued at approximately $1,157,073.82. This trade represents a 5.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 70,600 shares of company stock valued at $593,931. Corporate insiders own 68.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Target Hospitality by 70.2% during the first quarter. Victory Capital Management Inc. now owns 75,558 shares of the company’s stock valued at $497,000 after buying an additional 31,169 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in Target Hospitality by 52.7% in the 1st quarter. KLP Kapitalforvaltning AS now owns 58,800 shares of the company’s stock worth $387,000 after acquiring an additional 20,300 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Target Hospitality by 44.0% during the 1st quarter. Royce & Associates LP now owns 15,783 shares of the company’s stock worth $104,000 after acquiring an additional 4,819 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Target Hospitality during the 1st quarter valued at approximately $2,812,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Target Hospitality by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 280,627 shares of the company’s stock valued at $1,847,000 after purchasing an additional 3,070 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.