Target Hospitality (TH)

• Market cap: $645M
• 1 day: -1.36%
• 5 days: -3.12%
• 1 month: 6.87%
• 3 months: -36.97%
• 6 months: -12.70%
• Year to date: -32.61%
• 1 year: -39.59%
• 5 years: 308.13%
• 10 years: -33.71%
• Sector: Industrials
• Industry: Specialty Business Services

About: Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.

Employees: 770

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

251% more call options, than puts

Call options by funds: $37.4M | Put options by funds: $10.6M

35% more capital invested

Capital invested by funds: $204M [Q3] → $275M (+$70.8M) [Q4]

2.63% more ownership

Funds ownership: 26.14% [Q3] → 28.76% (+2.63%) [Q4]

0% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 31

2% less funds holding

Funds holding: 129 [Q3] → 127 (-2) [Q4]

10% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 40

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7.50 15% upside
• Avg. target: $11.25 72% upside
• High target: $15 130% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Stifel Stephen Gengaro 22% 1-year accuracy 15 / 69 met price target	15% upside $7.50	Hold Maintained	31 Mar 2025
Northland Capital Markets Greg Gibas 20% 1-year accuracy 4 / 20 met price target	130% upside $15	Outperform Upgraded	29 Jan 2025