MAM Software Group (NASDAQ:MAMS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $8.50 price target on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.84% from the stock’s current price.

According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “

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Separately, B. Riley lifted their price objective on shares of MAM Software Group from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, February 12th.

MAM Software Group (NASDAQ:MAMS) opened at $7.60 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. MAM Software Group has a fifty-two week low of $5.93 and a fifty-two week high of $9.42. The stock has a market cap of $94.96, a P/E ratio of 22.88 and a beta of -0.06.

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

In other news, Director Dwight Mamanteo sold 80,224 shares of MAM Software Group stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $7.60, for a total value of $609,702.40. Following the completion of the sale, the director now owns 210,379 shares in the company, valued at approximately $1,598,880.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Austin Iv Lewis sold 122,000 shares of MAM Software Group stock in a transaction on Monday, March 19th. The shares were sold at an average price of $7.55, for a total transaction of $921,100.00. Following the completion of the sale, 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. Insiders own 32.46% of the company’s stock.

An institutional investor recently raised its position in MAM Software Group stock. Cove Street Capital LLC increased its stake in MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 626,786 shares of the technology company’s stock after acquiring an additional 107,586 shares during the quarter. Cove Street Capital LLC owned 4.98% of MAM Software Group worth $4,707,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 31.34% of the company’s stock.

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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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