Zacks Investment Research upgraded shares of MAM Software Group Inc. (NASDAQ:MAMS) from a hold rating to a buy rating in a research note issued to investors on Thursday. The firm currently has $7.00 price objective on the technology company’s stock.
According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “
Separately, B. Riley restated a neutral rating and issued a $6.25 price target on shares of MAM Software Group in a research note on Wednesday, February 15th.
Shares of MAM Software Group (NASDAQ:MAMS) traded up 0.0000% on Thursday, hitting $6.2201. The firm has a market capitalization of $77.13 million, a PE ratio of 22.2146 and a beta of 0.06. The firm’s 50 day moving average price is $6.29 and its 200-day moving average price is $6.39. MAM Software Group has a 12-month low of $5.21 and a 12-month high of $7.77.
MAM Software Group (NASDAQ:MAMS) last released its quarterly earnings results on Monday, May 15th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.97 million. MAM Software Group had a return on equity of 81.30% and a net margin of 12.19%. Analysts forecast that MAM Software Group will post $0.23 EPS for the current fiscal year.
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In other MAM Software Group news, Director Dwight Mamanteo sold 10,269 shares of MAM Software Group stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $6.36, for a total value of $65,310.84. Following the completion of the transaction, the director now directly owns 299,248 shares of the company’s stock, valued at approximately $1,903,217.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Austin Iv Lewis sold 122,490 shares of MAM Software Group stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $6.27, for a total value of $768,012.30. The disclosure for this sale can be found here. Insiders sold a total of 145,359 shares of company stock valued at $912,073 over the last 90 days. 39.59% of the stock is currently owned by corporate insiders.
An institutional investor recently bought a new position in MAM Software Group stock. Wynnefield Capital Inc. acquired a new stake in shares of MAM Software Group Inc. (NASDAQ:MAMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,258,369 shares of the technology company’s stock, valued at approximately $21,049,000. MAM Software Group comprises about 7.6% of Wynnefield Capital Inc.’s holdings, making the stock its 4th largest position. Wynnefield Capital Inc. owned about 26.66% of MAM Software Group at the end of the most recent reporting period. 31.08% of the stock is currently owned by institutional investors and hedge funds.
MAM Software Group Company Profile
MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.
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