MAM Software Group Inc. (NASDAQ:MAMS) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus price objective of $9.25 for the company and are forecasting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given MAM Software Group an industry rank of 145 out of 257 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the company. ValuEngine lowered MAM Software Group from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Zacks Investment Research lowered MAM Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Finally, B. Riley restated a “neutral” rating and set a $9.25 target price (up from $8.50) on shares of MAM Software Group in a research report on Thursday, September 13th.
In other news, Director William Austin Iv Lewis sold 122,000 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $7.50, for a total transaction of $915,000.00. Following the completion of the transaction, the director now directly owns 606,441 shares in the company, valued at approximately $4,548,307.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.11% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of MAM Software Group by 345.8% in the 2nd quarter. BlackRock Inc. now owns 20,152 shares of the technology company’s stock valued at $173,000 after purchasing an additional 15,632 shares during the period. Renaissance Technologies LLC acquired a new position in shares of MAM Software Group in the 2nd quarter valued at approximately $296,000. Cove Street Capital LLC grew its position in shares of MAM Software Group by 7.9% in the 2nd quarter. Cove Street Capital LLC now owns 805,537 shares of the technology company’s stock valued at $6,944,000 after purchasing an additional 59,178 shares during the period. Finally, Bandera Partners LLC acquired a new position in shares of MAM Software Group in the 2nd quarter valued at approximately $1,755,000. Institutional investors own 38.80% of the company’s stock.
MAMS stock remained flat at $$8.40 during midday trading on Wednesday. The company had a trading volume of 119 shares, compared to its average volume of 7,815. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.03. The firm has a market capitalization of $105.63 million, a price-to-earnings ratio of 25.45 and a beta of 0.08. MAM Software Group has a 1 year low of $6.68 and a 1 year high of $9.26.
MAM Software Group (NASDAQ:MAMS) last announced its quarterly earnings data on Tuesday, November 13th. The technology company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. The firm had revenue of $9.30 million during the quarter, compared to analyst estimates of $9.45 million. MAM Software Group had a return on equity of 30.52% and a net margin of 9.08%. On average, analysts expect that MAM Software Group will post 0.3 EPS for the current year.
About MAM Software Group
MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The company offers business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; and information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits.
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