Shares of Top Image Systems, Ltd. (NASDAQ:TISA) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $2.50.
TISA has been the subject of several research reports. Zacks Investment Research downgraded shares of Top Image Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. HC Wainwright set a $3.00 target price on shares of Top Image Systems and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
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A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC grew its holdings in Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,600 shares of the software maker’s stock after acquiring an additional 1,200 shares during the period. Renaissance Technologies LLC owned about 0.92% of Top Image Systems worth $219,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.26% of the company’s stock.
Shares of Top Image Systems (NASDAQ TISA) opened at $1.17 on Friday. Top Image Systems has a 1-year low of $1.07 and a 1-year high of $1.81.
Top Image Systems (NASDAQ:TISA) last posted its earnings results on Wednesday, August 16th. The software maker reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.02). Top Image Systems had a negative net margin of 25.99% and a negative return on equity of 38.85%. The company had revenue of $7.41 million during the quarter, compared to analyst estimates of $7.36 million. equities analysts anticipate that Top Image Systems will post -0.29 earnings per share for the current year.
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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