Perhaps a reason for improved volume today is a broker report...

Perhaps a reason for improved volume today is a broker report out from Shaw and Partners.
Here is a summary of the report:.
Price target of 28c.



Cloud services – Overnight Price: $0.19Shaw and Partners rates ((DSE)) as Initiation of coverage with Buy (1) –Shaw and Partners initiates coverage of cloud-based solutions provider, Dropsuite with a Buy recommendation and a target price of $0.28.Dropsuite operates in the Backup-as-a-Service (BaaS) market and distributes via its 300-plus Channel Partners to over 430,000 users across North America, Europe and APAC. The company delivered $8.5m in annual recurring revenue (ARR) at December 2020 (up 62.5% YoY or +77.8% YoY constant currency) and plans to propel growth further through extending product functionality and entering new horizontals.The broker is impressed by Dropsuite’s growth across its suite of key metrics, and notes favourable industry dynamics and product expansion opportunities.Dropsuite is trading at a historical EV/ARR multiple of 11.7x, which represents a -26.9% discount to the peer group’s latest average historical EV/ARR multiple of 16.0x. However, the broker notes Dropsuite is at an earlier stage of revenue generation and sales cycle conversion than the selected peers.Shaw and Partners expects Dropsuite to continue investing and reaching profitability by FY22 across an accelerated growth profile.This report was issue on March 19, 2021Target price is $0.28 Current Price is $0.19 Difference: $0.09If DSE meets the Shaw and Partners target it will return approximately 47% (excluding dividends, fees and charges).The company's fiscal year ends in June.