Key Points
- Insider buying: Director Stephen Robertson bought 125,000 shares on Dec. 3 at $7.94 ($992,500), boosting his stake to 445,000 shares (a 39.06% increase); he also bought 145,000 shares on Nov. 17 at $6.85, bringing his recent insider purchases to 270,000 shares (~$1.99M) as disclosed in an SEC filing.
- Market and fundamentals: TH shares rose about 5.1% to open at $8.17, trading in a 12‑month range of $4.00–$11.10 with a market cap near $815M; the company beat quarterly EPS and revenue estimates but remains slightly unprofitable (net margin -3.08%, negative PE).
- Analyst sentiment: Wall Street shows a mixed but overall positive view with a consensus "Moderate Buy" and a $13 target, supported by recent upgrades (e.g., Stifel to Buy, $11 target) and institutional ownership around 32.4%.
Target Hospitality Corp. (NASDAQ:TH - Get Free Report) Director Stephen Robertson purchased 125,000 shares of Target Hospitality stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of $7.94 per share, with a total value of $992,500.00. Following the acquisition, the director directly owned 445,000 shares of the company's stock, valued at $3,533,300. This trade represents a 39.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Stephen Robertson also recently made the following trade(s):
- On Monday, November 17th, Stephen Robertson bought 145,000 shares of Target Hospitality stock. The shares were bought at an average price of $6.85 per share, with a total value of $993,250.00.
Target Hospitality Trading Up 5.1%
Shares of NASDAQ:TH opened at $8.17 on Friday. Target Hospitality Corp. has a 12-month low of $4.00 and a 12-month high of $11.10. The business has a 50 day moving average of $7.37 and a 200-day moving average of $7.70. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. The stock has a market cap of $815.10 million, a PE ratio of -74.40 and a beta of 1.32.
Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $99.36 million during the quarter, compared to analysts' expectations of $85.30 million. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. As a group, equities research analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its holdings in Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company's stock valued at $35,000 after purchasing an additional 1,873 shares during the last quarter. AdvisorNet Financial Inc grew its stake in 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Target Hospitality by 121.5% in the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company's stock worth $38,000 after acquiring an additional 2,465 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Target Hospitality in the third quarter worth $44,000. Finally, Tripletail Wealth Management LLC purchased a new position in shares of Target Hospitality in the third quarter valued at $55,000. Institutional investors and hedge funds own 32.40% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on TH. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Target Hospitality in a report on Monday. Finally, Stifel Nicolaus raised Target Hospitality from a "hold" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.
Read Our Latest Analysis on TH
Target Hospitality Company Profile
(
Get Free Report)
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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