Brokerage Citi trims PT, guidance on Australia's Siteminder Ltd on weak half-year results

SiteMinder

02/03/2025 22:32

** Analysts at Citi lower price target on Australia's Siteminder Ltd SDR.AX by 6% to A$7.20, on co's weak half-year results

** Hotel commerce platform co posted an HY underlying net loss of A$9 million ($5.59 million) on February 26, more than consensus expectation of a loss of A$7.2 million

** Co posted HY revenue of A$104.5 million

** Siteminder’s HY result was weaker than our below-market estimates, with revenue growth slowing to 14% YoY - Citi

** 10 of 13 analysts rate the stock "buy" or higher, three "hold"; their median PT is A$6.54 – LSEG data

** Stock has fallen 17.9% this year, as of last close

($1 = 1.6098 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Lisa Shumaker)

 ((Roshan.Thomas@thomsonreuters.com))