Analysts Anticipate MAM Software Group Inc. (MAMS) to Announce $0.05 Earnings Per Share

Shares of MAM Software Group Inc. (NASDAQ:MAMS) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus price objective of $8.50 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned MAM Software Group an industry rank of 90 out of 265 based on the ratings given to related companies.

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A number of analysts have recently issued reports on MAMS shares. Zacks Investment Research cut shares of MAM Software Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. B. Riley increased their price objective on shares of MAM Software Group from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, February 12th.

In related news, Director Dwight Mamanteo sold 80,224 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $7.60, for a total transaction of $609,702.40. Following the completion of the transaction, the director now owns 210,379 shares in the company, valued at $1,598,880.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Austin Iv Lewis sold 122,000 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $7.55, for a total transaction of $921,100.00. Following the transaction, the director now owns 606,441 shares of the company’s stock, valued at approximately $4,578,629.55. The disclosure for this sale can be found here. Corporate insiders own 32.46% of the company’s stock.

A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC raised its holdings in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 626,786 shares of the technology company’s stock after purchasing an additional 107,586 shares during the quarter. Cove Street Capital LLC owned 4.98% of MAM Software Group worth $4,707,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 31.34% of the company’s stock.

Shares of NASDAQ MAMS traded up $0.02 during midday trading on Friday, reaching $8.05. The stock had a trading volume of 6,859 shares, compared to its average volume of 22,370. 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 has a 12-month low of $5.93 and a 12-month high of $9.42.

MAM Software Group (NASDAQ:MAMS) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $8.50 million during the quarter, compared to analysts’ expectations of $8.28 million. MAM Software Group had a net margin of 12.46% and a return on equity of 40.12%. equities analysts expect that MAM Software Group will post 0.31 EPS for the current year.

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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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