5 Best Performing NASDAQ Stocks in 2022

3. Target Hospitality Corp. (NASDAQ:TH)

Number of Hedge Fund Holders: 24

YTD Share Price Gain as of December 27: 312.20%

Target Hospitality Corp. (NASDAQ:TH) is a Texas-based specialty rental and hospitality services company in North America. The company operates through four segments – Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. Target Hospitality Corp. (NASDAQ:TH) is one of the best performing NASDAQ stocks this year, with shares up over 312% as of December 27. 

On July 12, Oppenheimer analyst Scott Schneeberger raised the price target on Target Hospitality Corp. (NASDAQ:TH) to $18 from $9 and kept an Outperform rating on the shares after updating the firm’s model for Target’s recently announced contract extension/expansion of its West Texas government facility. 

According to Insider Monkey’s data, 24 hedge funds were bullish on Target Hospitality Corp. (NASDAQ:TH) at the end of September 2022, compared to 46 funds in the prior quarter. Gregg J. Powers’ Private Capital Management is the biggest position holder in the company, with 5.7 million shares worth $72.2 million.