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

Several other equities research analysts also recently issued reports on the company. Stephens downgraded Team from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $34.00 to $19.00 in a report on Tuesday, July 25th. Zacks Investment Research upgraded Team from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Johnson Rice downgraded Team from a “buy” rating to a “hold” rating and decreased their price target for the stock from $36.00 to $26.00 in a report on Tuesday, July 25th. Finally, TheStreet downgraded Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Team has a consensus rating of “Hold” and an average target price of $22.50.

Shares of Team (TISI) opened at 12.60 on Friday. The stock has a 50 day moving average price of $12.88 and a 200 day moving average price of $19.28. Team has a 12-month low of $10.45 and a 12-month high of $39.70. The firm’s market cap is $375.97 million.

Team (NYSE:TISI) last released its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.54). The firm had revenue of $312.26 million for the quarter, compared to the consensus estimate of $309.60 million. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. On average, equities analysts expect that Team will post ($0.52) earnings per share for the current year.

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In related news, Director Jeffery Gerald Davis purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $10.96 per share, for a total transaction of $54,800.00. Following the completion of the acquisition, the director now owns 13,869 shares of the company’s stock, valued at approximately $152,004.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Louis A. Waters purchased 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $11.40 per share, with a total value of $142,500.00. Following the acquisition, the director now directly owns 160,580 shares of the company’s stock, valued at approximately $1,830,612. The disclosure for this purchase can be found here. Insiders have purchased 36,000 shares of company stock valued at $408,130 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its holdings in Team by 53.0% during the third quarter. First Trust Advisors LP now owns 17,183 shares of the business services provider’s stock worth $229,000 after buying an additional 5,951 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Team during the third quarter worth $154,000. Quantitative Systematic Strategies LLC bought a new stake in Team during the third quarter worth $168,000. Verde Servicos Internacionais S.A. bought a new stake in Team during the third quarter worth $867,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Team during the second quarter worth $544,000. Institutional investors and hedge funds own 97.86% 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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