Team, Inc. (NYSE:TISI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.

Several other analysts have also commented on TISI. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and cut their target price for the company from $36.00 to $26.00 in a research note on Tuesday, July 25th. Finally, Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $34.00 to $19.00 in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.50.

Shares of Team (NYSE:TISI) traded up 0.83% on Wednesday, hitting $12.10. 325,309 shares of the stock were exchanged. The company’s market cap is $361.05 million. Team has a one year low of $10.45 and a one year high of $39.70. The firm’s 50-day moving average is $12.95 and its 200-day moving average is $19.77.

Team (NYSE:TISI) last released its earnings results on Monday, August 7th. The business services provider reported ($0.23) 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 business had revenue of $312.26 million for the quarter, compared to analyst estimates of $309.60 million. On average, equities analysts forecast that Team will post ($0.52) EPS for the current fiscal year.

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In other news, Director Louis A. Waters purchased 12,500 shares of Team stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $11.40 per share, for a total transaction of $142,500.00. Following the transaction, the director now owns 160,580 shares in the company, valued at $1,830,612. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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, with a total value of $54,800.00. Following the transaction, the director now owns 13,869 shares in the company, valued at approximately $152,004.24. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 36,000 shares of company stock valued at $408,130. Company insiders own 4.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in shares of Team by 79.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 2,613 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Team in the 2nd quarter valued at approximately $143,000. Sei Investments Co. lifted its position in shares of Team by 145.1% in the 3rd quarter. Sei Investments Co. now owns 4,377 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 2,591 shares in the last quarter. UBS Group AG lifted its position in shares of Team by 21.6% in the 1st quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Team by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

About Team

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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