Team (NYSE:TISI) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Team (NYSE:TISI) to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Team Price Performance

Team stock opened at $27.48 on Friday. The company’s 50 day simple moving average is $21.54 and its 200 day simple moving average is $18.13. Team has a fifty-two week low of $12.34 and a fifty-two week high of $28.48. The firm has a market capitalization of $125.86 million, a price-to-earnings ratio of -2.92 and a beta of 1.14.

Team (NYSE:TISI) last issued its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to analyst estimates of $208.88 million.

Insider Activity at Team

In related news, CFO Clinton Roeder purchased 9,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $22.89 per share, for a total transaction of $206,010.00. Following the completion of the purchase, the chief financial officer directly owned 9,000 shares in the company, valued at $206,010. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Horton bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $22.90 per share, with a total value of $45,800.00. Following the completion of the purchase, the director directly owned 28,082 shares of the company’s stock, valued at $643,077.80. This represents a 7.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 23,500 shares of company stock valued at $575,750 over the last three months. Insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Team stock. Dimensional Fund Advisors LP increased its holdings in shares of Team, Inc. (NYSE:TISI) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,952 shares of the business services provider’s stock after acquiring an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 as of its most recent SEC filing. Institutional investors own 46.57% of the company’s stock.

Team News Roundup

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team shares moved above the 200-day moving average, reinforcing the stock’s recent upward trend and potentially attracting momentum-oriented investors. Team Stock Crosses Above 200-Day Moving Average — What’s Next?

About Team

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company’s services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.