Insider Selling: Louis Waters Sells 3,800 Shares of Team Stock (TISI)
Team (NASDAQ:TISI) Director Louis Waters unloaded 3,800 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $35.10, for a total value of $133,380.00. Following the transaction, the director now directly owns 230,487 shares in the company, valued at approximately $8,090,094. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Team (NASDAQ:TISI) traded up 1.54% during mid-day trading on Thursday, hitting $34.97. 192,059 shares of the company’s stock traded hands. 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 $38.30 and its 200-day moving average is $38.66. The company has a market cap of $717.0 million and a price-to-earnings ratio of 24.97.
Team (NASDAQ:TISI) last announced its earnings results on Wednesday, October 2nd. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Team will post $1.68 EPS for the current fiscal year.
A number of analysts have recently weighed in on TISI shares. 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 given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.55.
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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