NetSol Technologies (NASDAQ:NTWK) Stock Rated Outperform in New Coverage at Noble Financial

Noble Financial initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report published on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $9.00 price objective on the software maker’s stock. Noble Financial also issued estimates for NetSol Technologies’ Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.07 EPS, Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.19 EPS, FY2027 earnings at $0.43 EPS and FY2028 earnings at $0.63 EPS.

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

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $7.86 on Wednesday. The firm has a market cap of $93.93 million, a price-to-earnings ratio of 31.00 and a beta of 0.94. NetSol Technologies has a 52 week low of $2.73 and a 52 week high of $8.20. The firm has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $4.48.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Monday, October 5th. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $15.10 million. As a group, sell-side analysts forecast that NetSol Technologies will post 0.43 earnings per share for the current year.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its stake 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 the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,151 shares of the software maker’s stock after buying an additional 5,624 shares during the period. Empowered Funds LLC owned 0.57% of NetSol Technologies worth $231,000 as of its most recent SEC filing. 16.02% of the stock is currently 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.