Analysts Set Top Image Systems Ltd. (NASDAQ:TISA) Target Price at $3.50
Shares of Top Image Systems Ltd. (NASDAQ:TISA) have earned an average recommendation of “Buy” from the six research firms that are currently covering the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.50.
Several brokerages have commented on TISA. TheStreet upgraded Top Image Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Zacks Investment Research downgraded Top Image Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $3.50 price target on shares of Top Image Systems in a research report on Friday, August 5th.
Shares of Top Image Systems (NASDAQ:TISA) opened at 2.22 on Tuesday. The company’s market capitalization is $39.78 million. The company has a 50-day moving average price of $2.00 and a 200 day moving average price of $1.80. Top Image Systems has a one year low of $1.39 and a one year high of $3.85.
Top Image Systems (NASDAQ:TISA) last issued its earnings results on Thursday, August 4th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Top Image Systems had a negative return on equity of 16.74% and a negative net margin of 30.61%. The business earned $8.50 million during the quarter, compared to the consensus estimate of $8.50 million. Equities analysts anticipate that Top Image Systems will post $0.03 EPS for the current year.
A hedge fund recently bought a new stake in Top Image Systems stock. WealthTrust Axiom LLC acquired a new position in shares of Top Image Systems Ltd. (NASDAQ:TISA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,000 shares of the company’s stock, valued at approximately $101,000. WealthTrust Axiom LLC owned 0.30% of Top Image Systems at the end of the most recent reporting period. Institutional investors and hedge funds own 8.48% of the company’s stock.
About Top Image Systems
Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.
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