Key Points
- Director Anthony Horton bought 2,000 Team shares at an average price of $22.71, investing $45,420 and increasing his direct ownership by 9.06%.
- Team’s latest quarterly results exceeded expectations: its loss of $1.73 per share was better than the projected $5.94 loss, while revenue reached $228.68 million versus the $208.88 million consensus estimate.
- Despite the earnings beat and insider buying, Team remains unprofitable and carries a consensus “Sell” rating; Weiss Ratings also reaffirmed its “sell (D-)” assessment.
Team, Inc. (NYSE:TISI - Get Free Report) Director Anthony Horton bought 2,000 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was bought at an average cost of $22.71 per share, for a total transaction of $45,420.00. Following the completion of the transaction, the director directly owned 24,082 shares of the company's stock, valued at $546,902.22. This trade represents a 9.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Team Stock Performance
TISI stock opened at $22.67 on Friday. Team, Inc. has a 1 year low of $12.34 and a 1 year high of $24.44. The stock has a market capitalization of $103.83 million, a price-to-earnings ratio of -2.41 and a beta of 1.04. The stock's fifty day moving average is $17.98 and its two-hundred day moving average is $16.50.
Team (NYSE:TISI - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, topping the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Team in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".
Get Our Latest Analysis on TISI
Institutional Investors Weigh In On Team
A number of hedge funds and other institutional investors have recently modified their holdings of TISI. DRW Securities LLC acquired a new stake in Team in the fourth quarter worth about $168,000. Dimensional Fund Advisors LP increased its stake in Team by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider's stock valued at $238,000 after buying an additional 893 shares during the period. Susquehanna International Group LLP raised its position in shares of Team by 5.1% during the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider's stock worth $286,000 after buying an additional 834 shares in the last quarter. DG Capital Management LLC bought a new stake in shares of Team during the 4th quarter worth about $913,000. Finally, IES Holdings Inc. bought a new stake in shares of Team during the 4th quarter worth about $1,060,000. 46.57% of the stock is currently owned by institutional investors.
Team News Roundup
Here are the key news stories impacting Team this week:
- Positive Sentiment: Director Anthony R. Horton purchased 2,000 shares at an average price of $22.71, investing $45,420 and increasing his direct ownership by 9.06%. The open-market purchase may signal confidence in Team’s valuation and outlook. SEC insider transaction filing
- Positive Sentiment: Director Evan Lederman also bought 500 shares at $23.00, increasing his position by 7.6%. Two recent insider purchases could provide support for the shares by indicating that directors view the stock as attractive near current levels. Insider buying report
- Positive Sentiment: Team’s latest quarterly results were better than expected. The company reported a loss of $1.73 per share versus the anticipated loss of $5.94, while revenue of $228.68 million exceeded the $208.88 million consensus estimate. The earnings and revenue beats suggest stronger-than-expected execution, although they do not yet represent profitability.
- Neutral Sentiment: Institutional investors and hedge funds own approximately 46.6% of Team’s shares, and several reported modest increases in their holdings. This indicates ongoing institutional interest but does not constitute a new catalyst in the supplied news.
- Negative Sentiment: Team remains unprofitable, with a negative P/E ratio, and Weiss Ratings reaffirmed a “Sell” rating. MarketBeat reports an overall “Sell” consensus from analysts, which could weigh on the stock as investors assess whether the quarterly improvement can continue.
- Negative Sentiment: Because shares are trading near the 12-month high, some investors may be taking profits or requiring stronger evidence of sustained earnings improvement before bidding the stock higher.
Team Company Profile
(
Get Free Report)
Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company's solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.
Team's product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.
Further Reading
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