Insider Selling: Louis Waters Sells 21,200 Shares of Team Stock (TISI)
Team (NASDAQ:TISI) Director Louis Waters sold 21,200 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $35.02, for a total value of $742,424.00. Following the completion of the transaction, the director now directly owns 234,287 shares of the company’s stock, valued at approximately $8,204,731. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TISI. Analysts at Zacks downgraded shares of Team from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $33.20 price target on the stock. Separately, analysts at BB&T Corp. upgraded shares of Team from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $44.00 price target on the stock. Finally, analysts at Johnson Rice upgraded shares of Team from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.55.
Team (NASDAQ:TISI) traded up 0.26% on Wednesday, hitting $34.44. The stock had a trading volume of 172,799 shares. Team has a 52-week low of $30.92 and a 52-week high of $46.66. The stock’s 50-day moving average is $38.44 and its 200-day moving average is $38.70. The company has a market cap of $706.1 million and a P/E ratio of 24.91.
Team (NASDAQ:TISI) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.13. The company had revenue of $174.31 million for the quarter, compared to the consensus estimate of $176.70 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Team will post $1.68 earnings per share for the current fiscal year.
Team, Inc, is a provider of specialty maintenance and inspection services required in maintaining high temperature and high pressure piping systems and vessels that are utilized in heavy industries.
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