Team Insider Sells $1,019,480 in Stock (TISI)
Team (NASDAQ:TISI) Insider Peter W. Wallace, Jr. unloaded 22,000 shares of Team stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $46.34, for a total value of $1,019,480.00. Following the completion of the transaction, the insider now directly owns 19,837 shares of the company’s stock, valued at approximately $919,247. The transaction was disclosed in a document filed with the SEC, which is available at this link.
TISI has been the subject of a number of recent research reports. Analysts at Stephens upgraded shares of Team from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. Separately, analysts at Johnson Rice downgraded shares of Team from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, January 9th. Finally, analysts at Zacks upgraded shares of Team from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $40.50 price target on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Team has a consensus rating of “Hold” and a consensus target price of $41.38.
Shares of Team (NASDAQ:TISI) traded up 1.98% during mid-day trading on Tuesday, hitting $47.50. The stock had a trading volume of 46,979 shares. Team has a 52 week low of $32.33 and a 52 week high of $47.75. The stock’s 50-day moving average is $41.14 and its 200-day moving average is $39.25. The company has a market cap of $965.5 million and a price-to-earnings ratio of 33.39.
Team (NASDAQ:TISI) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $214.50 million. During the same quarter last year, the company posted $0.66 earnings per share. Team’s revenue was up .0% compared to the same quarter last year. Analysts expect that Team will post $1.70 EPS 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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