MAM Software Group (MAMS) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of MAM Software Group (NASDAQ:MAMS) from a hold rating to a buy rating in a report published on Wednesday morning. The brokerage currently has $8.50 target price 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 reissued a hold rating and issued a $8.00 price objective on shares of MAM Software Group in a research report on Monday, November 13th.

MAM Software Group (NASDAQ MAMS) traded up $0.02 during midday trading on Wednesday, reaching $7.57. 4,700 shares of the company’s stock traded hands, compared to its average volume of 5,413. The company has a market capitalization of $94.96, a price-to-earnings ratio of 22.88 and a beta of -0.01. MAM Software Group has a 1 year low of $5.91 and a 1 year high of $9.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.98 and a quick ratio of 0.96.

MAM Software Group (NASDAQ:MAMS) last issued its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The company had revenue of $8.64 million for the quarter, compared to analyst estimates of $8.63 million. MAM Software Group had a net margin of 12.46% and a return on equity of 40.12%. sell-side analysts expect that MAM Software Group will post 0.31 EPS for the current fiscal year.

In other news, Director William Austin Iv Lewis sold 122,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $7.50, for a total value of $915,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.46% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC lifted its holdings in MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 626,786 shares of the technology company’s stock after acquiring an additional 107,586 shares during the period. Cove Street Capital LLC owned approximately 4.98% of MAM Software Group worth $4,707,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 30.38% of the company’s stock.

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About MAM Software Group

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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