Target Hospitality (NASDAQ:TH) Director Stephen Robertson Buys 145,000 Shares of Stock

Target Hospitality Corp. (NASDAQ:TH) Director Stephen Robertson purchased 145,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average price of $6.85 per share, for a total transaction of $993,250.00. Following the purchase, the director owned 320,000 shares in the company, valued at $2,192,000. The trade was a 82.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Target Hospitality Stock Performance

TH stock traded up $0.22 during mid-day trading on Wednesday, hitting $6.71. 450,866 shares of the company were exchanged, compared to its average volume of 560,074. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The stock has a market capitalization of $669.52 million, a PE ratio of -60.99 and a beta of 1.82. The business has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $7.67. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $99.36 million for the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality had a negative return on equity of 1.78% and a negative net margin of 3.08%. Target Hospitality has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors have recently added to or reduced their stakes in TH. Rhumbline Advisers raised its stake in shares of Target Hospitality by 3.3% during the first quarter. Rhumbline Advisers now owns 47,426 shares of the company’s stock valued at $312,000 after acquiring an additional 1,515 shares during the last quarter. Inspire Investing LLC increased its holdings in Target Hospitality by 3.7% in the second quarter. Inspire Investing LLC now owns 54,191 shares of the company’s stock valued at $386,000 after purchasing an additional 1,951 shares during the period. SummerHaven Investment Management LLC raised its position in Target Hospitality by 2.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 91,515 shares of the company’s stock worth $652,000 after purchasing an additional 2,178 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after buying an additional 2,465 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Target Hospitality by 7.1% in the 1st quarter. Deutsche Bank AG now owns 41,403 shares of the company’s stock valued at $272,000 after buying an additional 2,741 shares during the last quarter. 32.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TH. Stifel Nicolaus raised Target Hospitality from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.00.

About Target Hospitality

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.