Zacks Research Upgrades NetSol Technologies (NASDAQ:NTWK) to Hold

NetSol Technologies (NASDAQ:NTWK) was upgraded by investment analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings upgraded NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Noble Financial assumed coverage on NetSol Technologies in a research note on Wednesday. They set an “outperform” rating and a $9.00 price target for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, NetSol Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

NetSol Technologies Stock Up 1.4%

Shares of NTWK opened at $7.86 on Thursday. The firm has a market cap of $93.93 million, a PE ratio of 31.00 and a beta of 0.94. The company’s fifty day moving average is $5.03 and its two-hundred day moving average is $4.48. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $8.20.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Monday, October 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.24. The company had revenue of $20.72 million during the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a net margin of 4.02% and a return on equity of 6.79%. As a group, equities research analysts anticipate that NetSol Technologies will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently bought a new stake in NetSol Technologies stock. SBI Securities Co. Ltd. purchased a new position in shares of NetSol Technologies Inc. (NASDAQ:NTWK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned 0.08% of NetSol Technologies at the end of the most recent reporting period. Institutional investors own 16.02% of the company’s stock.

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.