MAM Software Group Inc. (MAMS) Given $9.00 Average Price Target by Brokerages

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

Brokerages have set a 12 month consensus price target of $9.00 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given MAM Software Group an industry rank of 68 out of 256 based on the ratings given to related companies.

Several research firms have issued reports on MAMS. Zacks Investment Research upgraded MAM Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. B. Riley set a $9.00 price objective on MAM Software Group and gave the stock a “hold” rating in a report on Thursday, February 14th. Finally, ValuEngine upgraded MAM Software Group from a “hold” rating to a “buy” rating in a report on Monday, April 29th.

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 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939,335 shares of the technology company’s stock after acquiring an additional 20,000 shares during the quarter. Cove Street Capital LLC owned approximately 7.45% of MAM Software Group worth $7,994,000 at the end of the most recent quarter. 37.87% of the stock is owned by institutional investors.

NASDAQ MAMS traded up $0.06 on Thursday, hitting $9.00. 83,800 shares of the company were exchanged, compared to its average volume of 10,775. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18. The company has a market cap of $112.27 million, a PE ratio of 27.27 and a beta of 0.27. MAM Software Group has a twelve month low of $6.53 and a twelve month high of $9.26.

MAM Software Group (NASDAQ:MAMS) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $9.48 million for the quarter, compared to the consensus estimate of $9.44 million. MAM Software Group had a return on equity of 25.71% and a net margin of 10.10%. Research analysts forecast that MAM Software Group will post 0.29 EPS for the current fiscal 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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