ELMO Software Ltd. (ELMFF) Receives a Buy from Shaw and Partners

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ELMO Software Ltd. with a $5.84 average price target, which is a 134.5% upside from current levels. In a report issued on February 2, Morgan Stanley also maintained a Buy rating on the stock with a price target.

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ELMO Software Ltd is a provider of software-as-a-service, cloud-based talent management software solutions. The company develops, sells and implements a range of modular software applications to manage human resource related processes including recruitment, onboarding, performance management, learning and development and succession planning. The company also provides HR core, a software module for people management and employee self-service. The company operates in three geographical markets – Australia, New Zealand, and Singapore. Geographically, Singapore contributes the vast majority of total revenue.

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