Target Hospitality (NASDAQ:TH) CEO James Bradley Archer Purchases 13,385 Shares

Target Hospitality Corp. (NASDAQ:TH) CEO James Bradley Archer bought 13,385 shares of Target Hospitality stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $18.69 per share, for a total transaction of $250,165.65. Following the transaction, the chief executive officer directly owned 1,845,441 shares of the company’s stock, valued at approximately $34,491,292.29. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Target Hospitality Stock Performance

NASDAQ TH opened at $18.76 on Thursday. The stock has a market cap of $1.87 billion, a PE ratio of -49.37 and a beta of 1.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Target Hospitality Corp. has a twelve month low of $5.97 and a twelve month high of $20.85. The stock has a fifty day simple moving average of $17.29 and a 200-day simple moving average of $15.75.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%.The firm had revenue of $85.45 million during the quarter, compared to the consensus estimate of $79.30 million. Equities analysts anticipate that Target Hospitality Corp. will post -0.05 earnings per share for the current year.

Institutional Trading of Target Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of Target Hospitality in the second quarter valued at approximately $27,000. Galaxy Digital Capital Management GP LLC purchased a new stake in Target Hospitality during the 1st quarter worth approximately $67,000. State of Wyoming acquired a new stake in Target Hospitality during the 2nd quarter worth approximately $191,000. Amundi acquired a new stake in Target Hospitality during the 1st quarter worth approximately $101,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Target Hospitality in the 2nd quarter valued at approximately $240,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $26.00 price target on shares of Target Hospitality in a research note on Thursday, August 27th. Oppenheimer lifted their target price on shares of Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 8th. Morgan Stanley boosted their target price on Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings upgraded Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $23.00 price target on shares of Target Hospitality in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.20.

About Target Hospitality

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.