Insider Buying: Team (NYSE:TISI) Director Acquires $11,500.00 in Stock

Team, Inc. (NYSE:TISI) Director Evan Lederman purchased 500 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were bought at an average price of $23.00 per share, with a total value of $11,500.00. Following the purchase, the director owned 7,078 shares in the company, valued at $162,794. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Team Trading Down 0.6%

Team stock opened at $22.67 on Friday. Team, Inc. has a 12 month low of $12.34 and a 12 month high of $24.44. The business’s 50 day simple moving average is $17.98 and its 200 day simple moving average is $16.50. The company has a market cap of $103.83 million, a price-to-earnings ratio of -2.41 and a beta of 1.04.

Team (NYSE:TISI) last announced its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Team

A number of institutional investors have recently modified their holdings of TISI. Dimensional Fund Advisors LP grew its stake in Team by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after buying an additional 893 shares in the last quarter. Barclays PLC lifted its position in shares of Team by 4.8% during the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after acquiring an additional 14,238 shares in the last quarter. DG Capital Management LLC bought a new position in shares of Team in the fourth quarter worth $913,000. Corre Partners Management LLC boosted its holdings in shares of Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock worth $22,669,000 after acquiring an additional 17,030 shares during the period. Finally, DRW Securities LLC bought a new position in shares of Team in the fourth quarter worth $168,000. 46.57% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: Director Anthony R. Horton purchased 2,000 shares at an average price of $22.71, investing $45,420 and increasing his direct ownership by 9.06%. The open-market purchase may signal confidence in Team’s valuation and outlook. SEC insider transaction filing
• Positive Sentiment: Director Evan Lederman also bought 500 shares at $23.00, increasing his position by 7.6%. Two recent insider purchases could provide support for the shares by indicating that directors view the stock as attractive near current levels. Insider buying report
• Positive Sentiment: Team’s latest quarterly results were better than expected. The company reported a loss of $1.73 per share versus the anticipated loss of $5.94, while revenue of $228.68 million exceeded the $208.88 million consensus estimate. The earnings and revenue beats suggest stronger-than-expected execution, although they do not yet represent profitability.
• Neutral Sentiment: Institutional investors and hedge funds own approximately 46.6% of Team’s shares, and several reported modest increases in their holdings. This indicates ongoing institutional interest but does not constitute a new catalyst in the supplied news.
• Negative Sentiment: Team remains unprofitable, with a negative P/E ratio, and Weiss Ratings reaffirmed a “Sell” rating. MarketBeat reports an overall “Sell” consensus from analysts, which could weigh on the stock as investors assess whether the quarterly improvement can continue.
• Negative Sentiment: Because shares are trading near the 12-month high, some investors may be taking profits or requiring stronger evidence of sustained earnings improvement before bidding the stock higher.

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.