Equities research analysts expect that Top Image Systems, Ltd. (NASDAQ:TISA) will report $8.25 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Top Image Systems’ earnings. The lowest sales estimate is $7.89 million and the highest is $8.60 million. Top Image Systems reported sales of $7.01 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The business is scheduled to issue its next earnings results on Thursday, March 8th.

On average, analysts expect that Top Image Systems will report full-year sales of $8.25 million for the current fiscal year, with estimates ranging from $29.68 million to $30.40 million. For the next financial year, analysts anticipate that the firm will report sales of $35.10 million per share, with estimates ranging from $34.49 million to $35.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Top Image Systems.

A number of research firms recently issued reports on TISA. Zacks Investment Research cut Top Image Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. HC Wainwright set a $3.00 price objective on Top Image Systems and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, ValuEngine raised Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.50.

Top Image Systems (NASDAQ:TISA) traded down $0.03 during trading on Friday, hitting $1.06. The company had a trading volume of 35,385 shares, compared to its average volume of 59,381. Top Image Systems has a fifty-two week low of $1.03 and a fifty-two week high of $1.75.

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC boosted its position in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,600 shares of the software maker’s stock after purchasing an additional 1,200 shares during the quarter. Renaissance Technologies LLC owned about 0.92% of Top Image Systems worth $219,000 as of its most recent filing with the Securities and Exchange Commission. 5.36% of the stock is currently owned by institutional investors and hedge funds.

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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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