Target Hospitality (NASDAQ:TH) Stock: Insider James Bradley Archer Buys 27,500 Shares

Key Points

  • CEO James Bradley Archer bought 27,500 shares for $312,675 at an average price of $11.37, increasing his stake by 1.49% to 1,872,941 shares.
  • Target Hospitality reported quarterly revenue of $129.06 million, above analysts’ $118.35 million estimate, but posted a loss of $0.09 per share.
  • Analysts have a consensus “Moderate Buy” rating and an average price target of $25.20; ratings range from Strong Buy to Sell.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) CEO James Archer bought 27,500 shares of the stock in a transaction dated Wednesday, November 11th. The stock was bought at an average price of $11.37 per share, with a total value of $312,675.00. Following the purchase, the chief executive officer owned 1,872,941 shares of the company's stock, valued at approximately $21,295,339.17. This represents a 1.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Bradley Archer also recently made the following trade(s):

  • On Tuesday, September 15th, James Archer bought 13,385 shares of Target Hospitality stock. The shares were bought at an average price of $18.69 per share, for a total transaction of $250,165.65.

Target Hospitality Stock Up 1.5%

NASDAQ TH opened at $11.98 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of -26.04 and a beta of 1.56. Target Hospitality Corp. has a fifty-two week low of $6.10 and a fifty-two week high of $21.76. The business has a 50 day moving average price of $16.94 and a two-hundred day moving average price of $14.89. The company has a quick ratio of 0.65, a current ratio of 0.45 and a debt-to-equity ratio of 0.68.




Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $129.06 million during the quarter, compared to analyst estimates of $118.35 million. Target Hospitality had a negative net margin of 12.23% and a negative return on equity of 12.29%. As a group, sell-side analysts predict that Target Hospitality Corp. will post -0.16 EPS for the current fiscal year.

Target Hospitality News Summary

Investors following TH have been watching these news items:

  • Positive Sentiment: Revenue growth and a sales beat: Q3 coverage highlighted strong revenue growth. The reported quarter’s revenue of $129.1 million topped analysts’ $118.4 million estimate, although the company still posted a loss of $0.09 per share. Target Hospitality stock posts strong revenue growth in Q3
  • Positive Sentiment: CEO insider purchase: CEO James Archer bought 27,500 shares for about $312,675, increasing his direct ownership by 1.49%. The purchase may signal confidence in the company’s prospects. SEC Form 4 filing
  • Neutral Sentiment: Contract outlook is a trade-off: A Seeking Alpha analysis maintained a “Hold” view, noting that contracts can pay well but may not last long—leaving investors weighing near-term revenue potential against contract-renewal and duration risks. Target Hospitality: Hold With Contracts That Pay Well But Don't Last Long

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TH. HighTower Advisors LLC raised its stake in shares of Target Hospitality by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,922,248 shares of the company's stock valued at $37,907,000 after purchasing an additional 79,981 shares in the last quarter. Royce & Associates LP raised its stake in Target Hospitality by 71.5% during the third quarter. Royce & Associates LP now owns 898,625 shares of the company's stock valued at $17,721,000 after buying an additional 374,684 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Target Hospitality by 347.7% during the third quarter. Russell Investments Group Ltd. now owns 323,806 shares of the company's stock valued at $6,385,000 after buying an additional 251,473 shares in the last quarter. Calamos Advisors LLC lifted its holdings in Target Hospitality by 230.7% during the 3rd quarter. Calamos Advisors LLC now owns 201,731 shares of the company's stock worth $3,978,000 after buying an additional 140,730 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Target Hospitality by 273.0% during the 3rd quarter. State of Wyoming now owns 34,902 shares of the company's stock worth $688,000 after buying an additional 25,544 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on TH. Morgan Stanley boosted their price objective on shares of Target Hospitality from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, September 14th. Oppenheimer boosted their price target on Target Hospitality from $24.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 8th. Stifel Nicolaus set a $26.00 price target on Target Hospitality in a report on Thursday, August 27th. Weiss Ratings lowered Target Hospitality from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Monday. Finally, Deutsche Bank restated a "buy" rating and set a $23.00 price objective on shares of Target Hospitality in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $25.20.

Get Our Latest Analysis on Target Hospitality

Target Hospitality Company Profile

(Get Free Report)

Target Hospitality Corporation provides modular accommodations and hospitality services for workers and other groups who need lodging near remote or specialized locations. Its services include lodging, dining, housekeeping, laundry, and recreation, with facilities designed to support extended stays. The company serves customers in industries such as energy and natural resources, as well as government clients. Its operations are primarily in the United States, including locations in the Permian Basin and other areas where traditional lodging may be limited.

Further Reading

Insider Buying and Selling by Quarter for Target Hospitality (NASDAQ:TH)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Target Hospitality?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Target Hospitality and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles