Analysts Anticipate MAM Software Group Inc. (NASDAQ:MAMS) to Post $0.08 Earnings Per Share

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MAM Software Group Inc. (NASDAQ:MAMS) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a twelve-month consensus price target of $12.12 for the company and are expecting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned MAM Software Group an industry rank of 107 out of 255 based on the ratings given to related companies.

MAMS has been the subject of several recent analyst reports. ValuEngine downgraded shares of MAM Software Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. B. Riley raised their target price on shares of MAM Software Group from $9.00 to $12.12 and gave the company a “neutral” rating in a research note on Wednesday, September 4th.

Several hedge funds and other institutional investors have recently bought and sold shares of MAMS. Acadian Asset Management LLC raised its holdings in shares of MAM Software Group by 54.2% in the second quarter. Acadian Asset Management LLC now owns 9,279 shares of the technology company’s stock worth $95,000 after buying an additional 3,263 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MAM Software Group by 26.0% in the second quarter. Vanguard Group Inc. now owns 28,497 shares of the technology company’s stock worth $289,000 after buying an additional 5,884 shares during the last quarter. BlackRock Inc. raised its holdings in shares of MAM Software Group by 41.7% during the second quarter. BlackRock Inc. now owns 29,401 shares of the technology company’s stock worth $298,000 after purchasing an additional 8,657 shares during the last quarter. Finally, Cove Street Capital LLC raised its holdings in shares of MAM Software Group by 2.2% during the first quarter. Cove Street Capital LLC now owns 939,335 shares of the technology company’s stock worth $7,994,000 after purchasing an additional 20,000 shares during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

MAMS traded up $0.01 during trading on Thursday, hitting $12.11. The stock had a trading volume of 7,506 shares, compared to its average volume of 67,756. The company has a market capitalization of $152.82 million, a PE ratio of 36.70 and a beta of 0.44. MAM Software Group has a twelve month low of $6.53 and a twelve month high of $12.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.27. The stock has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $10.20.

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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