Roth cuts Insperity price target, recommends ‘aggressive’ buying of shares

Roth Capital analyst Jeff Martin lowered the firm’s price target on Insperity (NSP) to $74 from $85 after Q2 results missed estimates, but keeps a Buy rating on the shares, citing the firm’s belief that the market is giving “no credit” for the partnership with Workday (WDAY) and the competitive advantage the firm sees it providing against all players in the HR services industry. The roughly 25% selloff following Q2 results and lowered guidance “ignores the underlying value” of Insperity, according to the analyst, who recommends that investors get “aggressive” in “accumulating shares on this opportunistic pullback.”