As LiveHire's 1H result was largely pre-released, Morgans applies its focus to overall strategy and the company's pivot toward ideal client profiles (ICP).

During the 1H, the North American Direct Sourcing (DS) revenue performance was impacted by covid roles continuing to churn off the platform and a re-basing of clients towards the ICP's, explains the analyst.

Due to a slower ramp-up to the larger ICP's and lower estimated annual contract values (EACVs), the broker reduces its revenue estimates by around -20% and the target falls to 28c from 33c. Add.

Sector: Software & Services.

Target price is $0.28.Current Price is $0.14. Difference: $0.14 - (brackets indicate current price is over target). If LVH meets the Morgans target it will return approximately 50% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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