NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at Noble Financial

Stock analysts at Noble Financial began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Wednesday, Briefing.com reports. The firm set an “outperform” rating and a $9.00 price target on the software maker’s stock. Noble Financial’s price target suggests a potential upside of 37.61% from the stock’s current price.

Separately, Weiss Ratings upgraded shares of NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $9.00.

NetSol Technologies Price Performance

NASDAQ:NTWK opened at $6.54 on Wednesday. The stock has a market cap of $78.15 million, a P/E ratio of 26.64 and a beta of 0.94. NetSol Technologies has a one year low of $2.73 and a one year high of $6.68. The company has a fifty day moving average price of $4.83 and a 200 day moving average price of $4.40.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, October 5th. The software maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.24. NetSol Technologies had a net margin of 4.02% and a return on equity of 6.79%. The firm had revenue of $20.72 million during the quarter, compared to the consensus estimate of $15.10 million.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its position in NetSol Technologies stock. Empowered Funds LLC increased its holdings in NetSol Technologies Inc. (NASDAQ:NTWK) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,151 shares of the software maker’s stock after purchasing an additional 5,624 shares during the period. Empowered Funds LLC owned approximately 0.57% of NetSol Technologies worth $231,000 at the end of the most recent quarter. 16.02% of the stock is owned by institutional investors.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a global provider of enterprise software and technology services focused primarily on the asset finance and leasing industry. The company develops solutions that help banks, captive finance companies, equipment manufacturers and other organizations manage lending, leasing and financing operations.

Its product portfolio includes the NFS Ascent platform, a software suite designed to support the lifecycle of asset finance transactions, including origination, credit assessment, contract management, billing, accounting and portfolio administration.