Shares of Park City Group, Inc. (NASDAQ:PCYG) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $11.50 for the company and are forecasting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Park City Group an industry rank of 69 out of 256 based on the ratings given to related companies.
A number of analysts recently weighed in on PCYG shares. Zacks Investment Research lowered shares of Park City Group from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. ValuEngine downgraded shares of Park City Group from a “hold” rating to a “sell” rating in a research note on Friday, May 10th.
Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Park City Group in the 2nd quarter worth about $46,000. Weiss Asset Management LP bought a new position in Park City Group in the 2nd quarter worth about $88,000. Connors Investor Services Inc. grew its stake in Park City Group by 8.0% in the 2nd quarter. Connors Investor Services Inc. now owns 47,886 shares of the technology company’s stock worth $257,000 after acquiring an additional 3,534 shares in the last quarter. Paloma Partners Management Co bought a new position in Park City Group in the 2nd quarter worth about $306,000. Finally, Handelsbanken Fonder AB bought a new position in Park City Group in the 1st quarter worth about $487,000. Institutional investors and hedge funds own 26.98% of the company’s stock.
Park City Group Company Profile
Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.
See Also: What is meant by holder of record?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Park City Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park City Group and related companies with MarketBeat.com's FREE daily email newsletter.