In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Agilysys (NASDAQ: AGYS), with a price target of $22. The company’s shares closed yesterday at $15.52.
Klee wrote:
“We project 2QF19 loss per share of ($0.14) compared to a loss per share of ($0.06) in 1QF19 with weaker results purely due to accounting changes. We forecast adjusted EBITDA of $1.3 million and adjusted EBITDA minus capex of ($416,000).”
According to TipRanks.com, Klee has 0 stars on 0-5 star ranking scale with an average return of -6.7% and a 28.1% success rate. Klee covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, Net 1 Ueps, and Stampscom.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agilysys with a $22 average price target.
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Based on Agilysys’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.74 million. In comparison, last year the company had a GAAP net loss of $3.25 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.
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Agilysys, Inc. is a technology company. It offers innovative software for point-of-sale, payment gateway, reservation and table management, guest offers management, property management, inventory and procurement, analytics, document management, and mobile and wireless solutions and services to the hospitality industry.
