Maxim Group analyst Allen Klee maintained a Buy rating on Agilysys (NASDAQ: AGYS) today and set a price target of $22. The company’s shares closed yesterday at $15.33.
Klee noted:
“F2Q19 revenue of $34.2M, up 13.5% y/y, topped our estimate of $33.8M; adjusted EBITDA of $2.6M also beat our estimate of $1.3M. EBITDA minus capex and Capitalized Software was $2.0M, ahead of our estimate for a loss of ($416,000).”
According to TipRanks.com, Klee is ranked 0 out of 5 stars with an average return of -7.9% and a 29.4% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Rignet.
Agilysys has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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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.
