Team, Inc. (NYSE:TISI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

TISI has been the subject of several other research reports. Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and lowered their target price for the company from $36.00 to $26.00 in a report on Tuesday, July 25th. Stephens cut shares of Team from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $34.00 to $19.00 in a report on Tuesday, July 25th. ValuEngine cut shares of Team from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, TheStreet cut shares of Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.50.

Shares of Team (NYSE TISI) traded down 1.940% during trading on Friday, reaching $11.375. 741,296 shares of the company were exchanged. The company’s 50-day moving average is $16.40 and its 200 day moving average is $24.45. The firm’s market capitalization is $339.42 million. Team has a 1-year low of $10.45 and a 1-year high of $39.70.

Team (NYSE:TISI) last issued its earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.54. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The company had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Equities research analysts expect that Team will post ($0.52) EPS for the current fiscal year.

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In other Team news, Director Jeffery Gerald Davis purchased 5,000 shares of Team stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $10.96 per share, for a total transaction of $54,800.00. Following the transaction, the director now directly owns 13,869 shares in the company, valued at $152,004.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Louis A. Waters purchased 17,500 shares of Team stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $11.40 per share, with a total value of $199,500.00. Following the transaction, the director now owns 160,580 shares in the company, valued at $1,830,612. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 36,000 shares of company stock valued at $408,130. 4.10% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in Team by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the business services provider’s stock valued at $325,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in Team by 0.6% in the second quarter. Arizona State Retirement System now owns 15,500 shares of the business services provider’s stock valued at $363,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock valued at $163,000 after buying an additional 300 shares during the period. Texas Permanent School Fund increased its stake in Team by 1.9% in the second quarter. Texas Permanent School Fund now owns 21,768 shares of the business services provider’s stock valued at $510,000 after buying an additional 412 shares during the period. Finally, Mason Street Advisors LLC increased its stake in Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock valued at $187,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 94.00% of the company’s stock.

Team Company Profile

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

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