TSS (NASDAQ:TSSI) Coverage Initiated by Analysts at Needham & Company LLC

Research analysts at Needham & Company LLC began coverage on shares of TSS (NASDAQ:TSSI) in a research note issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 36.75% from the stock’s current price.

A number of other equities research analysts have also weighed in on TSSI. Zacks Research upgraded shares of TSS to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research note on Monday, December 29th. Finally, Loop Capital set a $15.00 price objective on TSS in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.17.

TSS Stock Performance

Shares of TSS stock opened at $11.70 on Monday. The business has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $11.93. TSS has a one year low of $5.63 and a one year high of $31.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.41. The firm has a market capitalization of $324.96 million, a price-to-earnings ratio of 22.08 and a beta of 2.12.

TSS (NASDAQ:TSSI) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $60.91 million for the quarter. TSS had a net margin of 6.16% and a return on equity of 38.06%.

Insider Activity at TSS

In related news, SVP Kieran Brennan sold 12,000 shares of TSS stock in a transaction on Monday, March 16th. The stock was sold at an average price of $12.27, for a total transaction of $147,240.00. Following the sale, the senior vice president directly owned 279,137 shares in the company, valued at approximately $3,425,010.99. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TSSI. Aristides Capital LLC bought a new position in TSS during the fourth quarter worth about $189,000. Virtu Financial LLC bought a new stake in shares of TSS in the fourth quarter valued at approximately $160,000. Invesco Ltd. raised its position in shares of TSS by 27.1% in the fourth quarter. Invesco Ltd. now owns 14,280 shares of the company’s stock valued at $101,000 after purchasing an additional 3,044 shares during the period. NewEdge Advisors LLC lifted its stake in shares of TSS by 160.8% during the 4th quarter. NewEdge Advisors LLC now owns 30,389 shares of the company’s stock valued at $215,000 after buying an additional 18,735 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in TSS in the 4th quarter worth approximately $432,000.

TSS Company Profile

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.