Top Image Systems Ltd. (NASDAQ:TISA) was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other equities analysts have also weighed in on TISA. Zacks Investment Research lowered Top Image Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Canaccord Genuity reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Top Image Systems in a research note on Friday, August 5th. Finally, Benchmark Co. dropped their price target on Top Image Systems from $2.50 to $2.00 and set a “hold” rating for the company in a research note on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.63.

Top Image Systems (NASDAQ:TISA) opened at 1.65 on Thursday. Top Image Systems has a 1-year low of $1.39 and a 1-year high of $3.42. The stock’s 50 day moving average price is $1.86 and its 200 day moving average price is $1.87. The stock’s market capitalization is $29.57 million.

An institutional investor recently raised its position in Top Image Systems stock. Citadel Advisors LLC increased its stake in shares of Top Image Systems Ltd. (NASDAQ:TISA) by 41.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,020 shares of the company’s stock after buying an additional 14,573 shares during the period. Citadel Advisors LLC owned 0.28% of Top Image Systems worth $111,000 at the end of the most recent quarter. 8.26% of the stock is currently owned by hedge funds and other institutional investors.

Top Image Systems Company Profile

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.

5 Day Chart for NASDAQ:TISA

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