Target Hospitality Corp. (NYSE:TH)’s stock price traded up 6.2% on Monday . The company traded as high as $6.89 and last traded at $6.87, 223,192 shares were traded during trading. A decline of 31% from the average session volume of 324,348 shares. The stock had previously closed at $6.47.

A number of equities analysts recently issued reports on the company. Northland Securities reiterated a “buy” rating and issued a $12.00 target price on shares of Target Hospitality in a report on Tuesday, September 3rd. Oppenheimer assumed coverage on shares of Target Hospitality in a report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 price objective on the stock. Credit Suisse Group started coverage on shares of Target Hospitality in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $13.00 price objective on the stock. National Bank of Canada reiterated a “sector perform” rating on shares of Target Hospitality in a report on Friday, July 12th. Finally, Stifel Nicolaus began coverage on shares of Target Hospitality in a report on Wednesday, May 15th. They set a “buy” rating and a $10.59 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Target Hospitality presently has a consensus rating of “Buy” and a consensus target price of $12.52.

The business has a fifty day moving average of $7.14.

Target Hospitality (NYSE:TH) last posted its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $81.36 million during the quarter, compared to the consensus estimate of $82.58 million.

In other news, Director Eli Baker purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of $6.85 per share, with a total value of $51,375.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky purchased 55,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $6.93 per share, for a total transaction of $381,150.00. The disclosure for this purchase can be found here. Insiders have purchased 151,584 shares of company stock valued at $982,659 in the last quarter.

Large investors have recently bought and sold shares of the business. Mint Tower Capital Management B.V. bought a new position in Target Hospitality in the 1st quarter valued at $1,202,000. Monarch Partners Asset Management LLC raised its stake in shares of Target Hospitality by 197.8% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 1,334,060 shares of the company’s stock worth $12,140,000 after purchasing an additional 886,070 shares during the period. LLBH Private Wealth Management LLC raised its stake in shares of Target Hospitality by 173.8% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 500,000 shares of the company’s stock worth $25,993,000 after purchasing an additional 317,369 shares during the period. Private Capital Management LLC purchased a new position in shares of Target Hospitality in the 1st quarter worth about $9,646,000. Finally, Strs Ohio purchased a new position in shares of Target Hospitality in the 2nd quarter worth about $80,000.

Target Hospitality Company Profile (NYSE:TH)

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

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