MAM Software Group Inc. (MAMS) Stock Rating Reaffirmed by B. Riley
MAM Software Group Inc. (NASDAQ:MAMS)‘s stock had its “neutral” rating restated by B. Riley in a research report issued to clients and investors on Saturday. They presently have a $6.00 price target on the technology company’s stock. B. Riley’s target price points to a potential downside of 3.54% from the stock’s previous close.
Separately, Zacks Investment Research lowered MAM Software Group from a “hold” rating to a “sell” rating in a report on Friday, February 17th.
Shares of MAM Software Group (NASDAQ:MAMS) traded up 0.0000% on Friday, reaching $6.2201. The company’s stock had a trading volume of 76 shares. MAM Software Group has a 1-year low of $5.21 and a 1-year high of $7.77. The company’s 50 day moving average is $6.29 and its 200-day moving average is $6.39. The stock has a market cap of $77.13 million, a PE ratio of 22.2146 and a beta of 0.06.
MAM Software Group (NASDAQ:MAMS) last issued its quarterly earnings results on Monday, May 15th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.97 million. MAM Software Group had a return on equity of 81.30% and a net margin of 12.19%. On average, equities analysts predict that MAM Software Group will post $0.23 earnings per share for the current fiscal year.
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In other news, Director Dwight Mamanteo sold 10,269 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $6.36, for a total value of $65,310.84. Following the sale, the director now directly owns 299,248 shares in the company, valued at $1,903,217.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Austin Iv Lewis sold 122,490 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $6.27, for a total value of $768,012.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,359 shares of company stock worth $912,073. Corporate insiders own 39.59% of the company’s stock.
A hedge fund recently bought a new stake in MAM Software Group stock. Wynnefield Capital Inc. purchased a new position in shares of MAM Software Group Inc. (NASDAQ:MAMS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,258,369 shares of the technology company’s stock, valued at approximately $21,049,000. MAM Software Group accounts for 7.6% of Wynnefield Capital Inc.’s investment portfolio, making the stock its 4th largest position. Wynnefield Capital Inc. owned approximately 26.66% of MAM Software Group at the end of the most recent quarter. Hedge funds and other institutional investors own 31.08% of the company’s stock.
About MAM Software Group
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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