** Shares of Infomedia fall as much as 3.1% to A$1.255, their lowest since Feb. 24, 2023
** Stock closed 11.3% lower in the previous session
** Bell Potter trims PT for the software as a service producer to A$1.78 from A$2.00 and maintains "buy" rating
** Infomedia cut FY25 revenue forecast to between A$142 mln ($93.15 mln) and A$149 mln on Monday, from A$144 mln to A$154 mln previously expected
** Brokerage revises down FY25 revenue estimate to A$147 mln from A$151 mln and reduces EPS estimates by 5%, 8% and 9% for FY25, FY26 and FY27, respectively
** About 3.4 mln shares change hands, compared with the 30-day average volume of 617,032
** Five of six analysts rate the stock "buy" or higher and one "hold"; their median PT is A$1.85 – LSEG data
($1 = 1.5244 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.