Top Image Systems, Ltd. (TISA) PT Set at $3.00 by HC Wainwright

Top Image Systems, Ltd. (NASDAQ:TISA) has been given a $3.00 price objective by HC Wainwright in a research note issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock. HC Wainwright’s target price would suggest a potential upside of 152.10% from the stock’s current price.

TISA has been the topic of a number of other research reports. ValuEngine raised shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Top Image Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Top Image Systems presently has a consensus rating of “Hold” and an average target price of $2.50.

Shares of Top Image Systems (TISA) opened at 1.19 on Thursday. Top Image Systems has a 12 month low of $1.09 and a 12 month high of $2.45. The firm has a 50-day moving average of $1.31 and a 200 day moving average of $1.32. The company’s market cap is $21.34 million.

Top Image Systems (NASDAQ:TISA) last announced its quarterly earnings results on Wednesday, August 16th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $7.41 million for the quarter, compared to analysts’ expectations of $7.36 million. Top Image Systems had a negative net margin of 25.99% and a negative return on equity of 38.85%. On average, analysts expect that Top Image Systems will post ($0.13) earnings per share for the current year.

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A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC increased its position in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 163,400 shares of the software maker’s stock after buying an additional 4,874 shares during the period. Renaissance Technologies LLC owned 0.91% of Top Image Systems worth $201,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.75% of the company’s stock.

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.