TH
Target Hospitality Corp.
NasdaqCMUSDEQUITY
Industrials
DELAYED
Buy
+25/100
Last price
18.54
▼ 0.37 (1.96%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
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Open
—
Prev close
18.91
Day high
19.17
Day low
18.40
Volume
2.10M
Market cap
$1.82B
P/E (TTM)
—
52W range
5.97 – 21.76
Trailing performance
Returnvs SPY
1W
-3.84%
-5.8%
1M
-5.02%
-6.2%
3M
+1.70%
-2.8%
6M
+35.03%
+16.8%
YTD
+131.46%
+117.2%
1Y
+134.39%
+118.0%
3Y
+16.75%
-65.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TH open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
3.52M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 1, 26 | TDR CAPITAL II INVESTMENTS, L.P. Beneficial Owner of more than 10% of a Class of Security |
SELL | 11.00M | $202.40M | Indirect |
| Sep 15, 26 | ARCHER JAMES BRADLEY Chief Executive Officer |
BUY | 13.38K | $250.17K | Direct |
| May 21, 26 | ROBERTSON STEPHEN Director |
— | 20.95K | — | Direct |
| May 21, 26 | MEDLER LINDA R. Director |
— | 16.06K | — | Direct |
| May 21, 26 | PATENAUDE PAMELA H Director |
— | 16.06K | — | Direct |
| May 21, 26 | JIMMERSON MARTIN L Director |
— | 16.06K | — | Direct |
| May 21, 26 | HERNANDEZ ALEJANDRO Director |
— | 16.06K | — | Direct |
| May 21, 26 | HOHNSBEEN PAUL Director |
— | 347 | — | Direct |
| Feb 27, 26 | VLACICH JASON PAUL Chief Financial Officer |
— | 25.20K | — | Direct |
| Feb 27, 26 | LEWIS HEIDI DIANE General Counsel |
— | 15.47K | — | Direct |
| Feb 27, 26 | SCHRENK TROY C Officer |
— | 23.38K | — | Direct |
| Feb 27, 26 | ARCHER JAMES BRADLEY Chief Executive Officer |
— | 81.89K | — | Direct |
| Feb 27, 26 | DOWHANIUK BRENDAN Officer |
— | 7.81K | — | Direct |
| Feb 24, 26 | VLACICH JASON PAUL Chief Financial Officer |
— | 12.46K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ARCHER JAMES BRADLEY |
Chief Executive Officer | 1.85M | Purchase |
HERNANDEZ ALEJANDRO |
Director | 32.90K | Conversion of Exercise of derivative security |
JIMMERSON MARTIN L |
Director | 172.47K | Conversion of Exercise of derivative security |
LEWIS HEIDI DIANE |
General Counsel | 152.87K | Conversion of Exercise of derivative security |
MEDLER LINDA R. |
Director | 62.88K | Conversion of Exercise of derivative security |
PATENAUDE PAMELA H |
Director | 69.38K | Conversion of Exercise of derivative security |
ROBERTSON STEPHEN |
Director | 752.40K | Conversion of Exercise of derivative security |
SCHRENK TROY C |
Officer | 211.09K | Conversion of Exercise of derivative security |
TDR CAPITAL II INVESTMENTS, L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
VLACICH JASON PAUL |
Chief Financial Officer | 149.26K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$1.82B
Enterprise value$1.89B
Revenue (TTM)$347.37M
Gross profit$110.62M
EBITDA$44.57M
Net income$-37.68M
EPS (TTM)$-0.38
Free cash flow$-44.14M
Total cash$6.07M
Total debt$48.28M
Book value / share$3.69
Shares outstanding97.93M
Float67.44M
Short % of float12.78%
Dividend yield0.00%
Beta (5Y)1.49
Valuation & profitability ratios
Trailing P/E—
Forward P/E20.31
PEG ratio1.50
Price / sales—
Price / book5.02
EV / revenue5.44
EV / EBITDA42.38
Gross margin31.85%
Operating margin-8.77%
Profit margin-10.85%
Return on equity-9.77%
Return on assets-3.66%
Debt / equity13.06
Current ratio0.65
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $320.63M | $386.27M | $563.61M | $501.99M | -17.0% |
| Operating revenue | $320.63M | $386.27M | $563.61M | $501.99M | -17.0% |
| Cost of revenue | $277.98M | $208.09M | $250.28M | $254.86M | +33.6% |
| Gross profit | $42.66M | $178.18M | $313.32M | $247.13M | -76.1% |
| Selling, general & admin | $58.51M | $54.26M | $56.13M | $57.89M | +7.8% |
| Total operating expense | $77.41M | $69.40M | $72.72M | $72.76M | +11.5% |
| Operating income | -$34.75M | $108.78M | $240.61M | $174.37M | -131.9% |
| Net interest income | -$6.09M | -$16.62M | -$22.64M | -$36.32M | +63.4% |
| Pre-tax income | -$43.20M | $92.84M | $224.75M | $106.31M | -146.5% |
| Tax provision | -$6.13M | $21.43M | $51.05M | $32.37M | -128.6% |
| Net income | -$37.12M | $71.27M | $173.70M | $73.94M | -152.1% |
| Net income to common | -$37.12M | $71.27M | $173.70M | $73.94M | -152.1% |
| Basic EPS | -0.37 | 0.71 | 1.71 | 0.76 | -152.1% |
| Diluted EPS | -0.37 | 0.70 | 1.56 | 0.74 | -152.9% |
| EBIT | -$35.52M | $115.06M | $248.65M | $139.57M | -130.9% |
| EBITDA | $37.87M | $187.86M | $332.62M | $207.24M | -79.8% |
| Basic shares | 99.52M | 100.14M | 101.35M | 97.21M | -0.6% |
| Diluted shares | 99.52M | 101.43M | 105.32M | 100.06M | -1.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.35M | $190.67M | $103.93M | $181.67M | — | -95.6% |
| Cash & short-term investments | $8.35M | $190.67M | $103.93M | $181.67M | — | -95.6% |
| Accounts receivable | $56.20M | $49.34M | $67.09M | $42.15M | — | +13.9% |
| Total current assets | $73.34M | $249.34M | $180.50M | $236.38M | — | -70.6% |
| Property, plant & equipment | $374.70M | $380.72M | $403.39M | $416.32M | — | -1.6% |
| Goodwill & intangibles | $80.37M | $93.84M | $107.98M | $116.22M | — | -14.4% |
| Total assets | $530.21M | $725.77M | $694.35M | $771.73M | — | -26.9% |
| Total current liabilities | $84.04M | $233.40M | $70.33M | $190.90M | — | -64.0% |
| Current debt | — | $180.33M | — | — | — | — |
| Long-term debt | — | — | $178.09M | $328.85M | $330.21M | — |
| Total debt | $10.70M | $209.65M | $200.83M | $354.69M | — | -94.9% |
| Total liabilities | $141.15M | $304.68M | $317.05M | $570.88M | — | -53.7% |
| Retained earnings | $295.26M | $332.38M | $261.12M | $87.68M | — | -11.2% |
| Shareholder equity | $389.26M | $421.08M | $377.31M | $200.85M | — | -7.6% |
| Working capital | -$10.71M | $15.93M | $110.17M | $45.48M | — | -167.2% |
| Net tangible assets | $308.89M | $327.24M | $269.33M | $84.63M | — | -5.6% |
| Shares issued | 113.09M | 112.25M | 111.09M | 109.75M | — | +0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$37.08M | $71.41M | $173.70M | $73.94M | -151.9% |
| Depreciation & amortisation | $73.39M | $72.81M | $83.98M | $67.67M | +0.8% |
| Stock-based compensation | $7.55M | $7.31M | $11.17M | $19.24M | +3.4% |
| Change in working capital | $23.72M | -$9.12M | -$165.46M | $66.49M | +360.1% |
| Operating cash flow | $74.09M | $151.68M | $156.80M | $305.61M | -51.2% |
| Capital expenditure | -$67.79M | -$30.24M | -$68.42M | -$140.84M | -124.1% |
| Investing cash flow | -$67.79M | -$28.84M | -$68.18M | -$140.23M | -135.0% |
| Share buybacks | $0 | -$33.50M | $0 | $0 | +100.0% |
| Financing cash flow | -$188.64M | -$36.06M | -$166.37M | -$7.10M | -423.1% |
| Free cash flow | $6.30M | $121.43M | $88.38M | $164.77M | -94.8% |
| End cash position | $8.35M | $190.67M | $103.93M | $181.67M | -95.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $85.45M | $72.78M | $89.78M | $99.36M | $61.61M | +17.4% |
| Operating revenue | $85.45M | $72.78M | $89.78M | $99.36M | $61.61M | +17.4% |
| Cost of revenue | $69.66M | $65.90M | $82.70M | $81.41M | $61.93M | +5.7% |
| Gross profit | $15.80M | $6.88M | $7.08M | $17.95M | -$328.00K | +129.5% |
| Selling, general & admin | $18.75M | $14.56M | $18.12M | $12.92M | $12.66M | +28.8% |
| Total operating expense | $23.29M | $21.21M | $23.90M | $17.88M | $16.59M | +9.8% |
| Operating income | -$7.50M | -$14.32M | -$16.82M | $69.00K | -$16.92M | +47.7% |
| Net interest income | -$1.01M | -$892.00K | -$362.00K | -$458.00K | -$937.00K | -13.5% |
| Pre-tax income | -$8.51M | -$15.21M | -$17.18M | -$389.00K | -$17.86M | +44.1% |
| Tax provision | $473.00K | -$2.25M | -$2.24M | $368.00K | -$2.94M | +121.0% |
| Net income | -$9.04M | -$12.92M | -$14.93M | -$795.00K | -$14.93M | +30.1% |
| Net income to common | -$9.04M | -$12.92M | -$14.93M | -$795.00K | -$14.93M | +30.1% |
| Basic EPS | -0.09 | -0.13 | -0.15 | -0.01 | -0.15 | +30.8% |
| Diluted EPS | -0.09 | -0.13 | -0.15 | -0.01 | -0.15 | +30.8% |
| EBIT | -$7.66M | -$14.52M | -$16.91M | $69.00K | -$16.86M | +47.2% |
| EBITDA | $13.88M | $5.08M | $2.71M | $18.53M | $807.00K | +173.2% |
| Basic shares | 100.21M | 99.93M | 99.79M | 99.78M | 99.40M | +0.3% |
| Diluted shares | 100.21M | 99.93M | 99.79M | 99.78M | 99.40M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.07M | $5.46M | $8.35M | $30.39M | $19.24M | — | +11.1% |
| Cash & short-term investments | $6.07M | $5.46M | $8.35M | $30.39M | $19.24M | — | +11.1% |
| Accounts receivable | $50.43M | $45.63M | $56.20M | $42.73M | $57.44M | — | +10.5% |
| Total current assets | $63.87M | $58.61M | $73.34M | $79.44M | $83.05M | — | +9.0% |
| Property, plant & equipment | $480.25M | $395.46M | $374.70M | $376.55M | $361.98M | — | +21.4% |
| Goodwill & intangibles | $73.64M | $77.01M | $80.37M | $83.74M | $87.11M | — | -4.4% |
| Total assets | $654.19M | $539.54M | $530.21M | $541.15M | $533.71M | — | +21.2% |
| Total current liabilities | $98.86M | $69.23M | $84.04M | $82.42M | $56.62M | — | +42.8% |
| Long-term debt | $40.00M | $30.00M | — | — | $24.00M | $40.90M | +33.3% |
| Total debt | $48.28M | $38.99M | $10.70M | $13.28M | $37.84M | — | +23.8% |
| Total liabilities | $284.40M | $162.92M | $141.15M | $138.91M | $132.53M | — | +74.6% |
| Retained earnings | $273.31M | $282.34M | $295.26M | $310.19M | $310.99M | — | -3.2% |
| Shareholder equity | $370.11M | $376.92M | $389.26M | $402.38M | $401.28M | — | -1.8% |
| Working capital | -$34.99M | -$10.62M | -$10.71M | -$2.98M | $26.43M | — | -229.4% |
| Net tangible assets | $296.47M | $299.92M | $308.89M | $318.63M | $314.16M | — | -1.1% |
| Shares issued | 100.29M | 113.45M | 113.09M | 113.08M | 113.08M | — | -11.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$8.98M | -$12.96M | -$14.94M | -$757.00K | -$14.92M | — | +30.7% |
| Depreciation & amortisation | $21.54M | $19.60M | $19.61M | $18.46M | $17.67M | — | +9.9% |
| Stock-based compensation | $2.32M | $1.66M | $1.82M | $1.93M | $2.09M | — | +39.7% |
| Change in working capital | $86.68M | -$1.47M | -$872.00K | $30.34M | $6.88M | — | +6,016.9% |
| Operating cash flow | $103.98M | $7.04M | $5.74M | $53.36M | $11.06M | — | +1,377.0% |
| Capital expenditure | -$84.64M | -$32.77M | -$26.62M | -$16.26M | -$7.71M | — | -158.3% |
| Investing cash flow | -$111.54M | -$39.35M | -$26.62M | -$16.26M | -$7.71M | — | -183.4% |
| Share buybacks | — | — | $0 | $0 | $0 | $0 | — |
| Financing cash flow | $8.18M | $29.43M | -$1.16M | -$25.94M | -$18.61M | — | -72.2% |
| Free cash flow | $19.34M | -$25.73M | -$20.88M | $37.10M | $3.36M | — | +175.2% |
| End cash position | $6.07M | $5.46M | $8.35M | $30.39M | $19.24M | — | +11.1% |
Options analytics
Put / call volume
0.11
Call-heavy session
Put / call open interest
0.58
Positioning, not flow
Max pain
12.00
-35.3% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
958
Contracts, this expiry
Put volume
110
Contracts, this expiry
Heaviest call OI
15.00
42 contracts
Heaviest put OI
12.00
28 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.10 | -0.05 | +52.2% |
| Mar 2026 | -0.11 | -0.10 | +5.8% |
| Dec 2025 | -0.10 | -0.12 | -13.1% |
| Sep 2025 | -0.04 | 0.00 | +107.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.01 | 3 | $119.86M | +20.6% |
| Next quarter | 0.18 | 3 | $161.34M | +79.7% |
| Current year | -0.03 | 3 | $439.15M | +37.0% |
| Next year | 0.91 | 3 | $751.30M | +71.1% |
Analyst targets & ownership
Mean target$25.20
High target$27.00
Low target$23.00
Implied upside35.92%
Analyst count5
ConsensusNONE
Strong buy / Buy1 / 4
Hold0
Sell / Strong sell0 / 0
Held by insiders3.54%
Held by institutions67.84%
Institutions holding248
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
19.83
-6.51% from price
SMA 20
19.82
-6.45% from price
SMA 50
18.17
+2.02% from price
SMA 100
18.09
+2.50% from price
SMA 200
14.07
+31.72% from price
EMA 12
19.55
-5.18% from price
EMA 26
19.36
-4.21% from price
EMA 50
18.73
-1.03% from price
RSI (14)
44.4
Neutral
MACD (12,26,9)
0.20
Hist -0.31
ATR (14)
1.02
5.49% of price
Realised vol 30D
66.5%
Annualised
Bollinger upper
21.89
20, 2σ
Bollinger lower
17.75
20, 2σ
50 / 200 cross
Golden
18.17 vs 14.07
Trend bias
Above 200
+31.72%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.02
More volatile than market
Correlation to SPY
0.20
Largely independent
Realised vol 30D
66.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-30.0%
Peak to trough
Max drawdown 5Y
-71.9%
Peak to trough
ATR 14
1.02
5.49% of price
Beta (reported)
1.49
5Y monthly, from filing
Short interest
Shares short
3.82M
Prior 3.97M
Change vs prior
-3.7%
Shorts covering
% of float
12.78%
Elevated
% of shares out
3.90%
Against total outstanding
Days to cover
2.0
Liquid
Float
67.44M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 14, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Sep 8, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 17, 26 | Morgan Stanley | INITIATED | — | Overweight |
| Jul 14, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| May 13, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Apr 9, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Apr 6, 26 | Stifel | MAINTAINED | Buy | Buy |
| Mar 17, 26 | Oppenheimer | UPGRADE | Perform | Outperform |
| Dec 30, 25 | Stifel | MAINTAINED | Buy | Buy |
| Aug 19, 25 | Stifel | UPGRADE | Hold | Buy |
| Mar 31, 25 | Stifel | MAINTAINED | Hold | Hold |
| Feb 26, 25 | Stifel | MAINTAINED | Hold | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-09
Corporate Changes & Voting Matters
8-K · 2026-09-01
Corporate Changes & Voting Matters
8-K · 2026-08-26
Periodic Financial Reports
10-Q · 2026-08-10
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-27
Corporate Changes & Voting Matters
8-K · 2026-05-28
Offering Registrations
S-8 · 2026-05-21
Headlines
Here is Why Growth Investors Should Buy Target Hospitality (TH) Now
Zacks · 2d ago
Top Premarket Decliners
MT Newswires · 5d ago
Target Hospitality (TH) Pulls Back, Is It Still Below Fair Value?
Simply Wall St. · 8d ago
1 High-Flying Stock for Long-Term Investors and 2 We Brush Off
StockStory · 9d ago
Is Target Hospitality’s (TH) Big Buyback a Sign of Undervaluation or Insider Hesitation?
Insider Monkey · 14d ago
Insider Buying: Executive Doubles Down, Buys Nearly 6,000 Shares
Motley Fool · 15d ago
Target Hospitality CEO Archer Buys 13,385 Shares
Motley Fool · 20d ago
3 Unprofitable Stocks We Steer Clear Of
StockStory · 20d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.