** Sapiens International's SPNS.O shares fall 21.4% to $31 premarket
** Company, which provides software solutions for insurance industry, reports Q3 revenue of $137 mln vs est $140.1 mln - LSEG
** Reports Q3 adj EPS of 37 cents/shr vs est 38 cents/shr
** Company lowers 2024 adj revenue forecast range to $541 mln-$546 mln from $550 mln-$555 mln
** Analysts expect FY24 revenue of $552.7 mln
** "Looking into 2025, we anticipate a low single-digit revenue growth" - CEO Roni Al-Dor
** 2 of 5 brokerages rate the stock "buy" or higher, 1 "hold" and 2 "sell"; median PT $40
** Company's shares up 36.3% YTD
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.parmar@thomsonreuters.com))