Some ASX tech shares have sold off heavily in the last few weeks. I think some of them are too appealing to ignore, so I'm calling them buys.
I've already invested in one of the businesses I'm going to discuss, and the other one could be one of the next stocks I buy.
When investing, we want to buy at the best price possible. Declines don't happen for no reason, so valuations fall only when something truly worrisome happens.
While the uncertainty of the growing tariff trade war is unsettling, I think the cheaper prices of the below ASX tech shares are appealing.
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PEXA Group Ltd (ASX: PXA)
The PEXA share price has gone through a 20% decline in the last six months, and it has dropped more than 12% since 29 January 2025, as the chart below shows
This company is a digital property exchange and data insights business. Over the last 12 years, it has facilitated more than 20 million property settlements. Impressively, 90% of Australian property transfer settlements are done through the PEXA platform.
It's not just an Australian business – it has growth ambitions in the UK. In 2022, the company launched its refinancing capability for the UK.
Its operating performances continue to be solid – in the first half of FY25, revenue rose by 25% and operating profit (EBITDA) grew by 24%.
The business has built a dominant position in Australia, and I believe it is capable of winning market share in the UK as well. PEXA says that it is focusing "initially" on the UK, which suggests future geographic expansion is on the cards.
The company said the development of its multi-jurisdictional capable PEXA Go platform "remains on schedule".
I also like that the business announced it's carrying out a share buyback of up to $50 million, which should increase the value of the remaining PEXA shares.
Siteminder Ltd (ASX: SDR)
Siteminder is the ASX tech share I recently invested in after its 27% fall from 25 February 2025, as the chart below shows.
While only recently investing, I've been a fan of this business for a while. I like that it is working on several growth avenues to help in the longer term, such as winning larger hotels as subscribers, offering a better software platform, and improving its costs/efficiencies.
The company recently reached positive underlying operating profit (EBITDA) status after generating losses up until now. This is a great sign – as its revenue increases, its profit margins can continue rising, too. It's targeting a 30% organic annual growth rate in the medium term, which could occur thanks to its new and improved platform offerings.
If the ASX tech share can keep a lid on costs while growing revenue at a good double-digit rate, I believe it has a compelling future.
