MAM Software Group, Inc. (NASDAQ:MAMS) Director William Austin Iv Lewis sold 122,296 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $6.15, for a total transaction of $752,120.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of MAM Software Group, Inc. (MAMS) opened at 6.207 on Wednesday. MAM Software Group, Inc. has a one year low of $5.21 and a one year high of $7.77. The stock has a 50 day moving average of $6.22 and a 200-day moving average of $6.37. The company has a market capitalization of $76.15 million, a PE ratio of 21.112 and a beta of 0.08.

MAM Software Group (NASDAQ:MAMS) last posted its earnings results on Monday, May 15th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. MAM Software Group had a net margin of 11.13% and a return on equity of 59.94%. The firm had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.97 million. On average, equities analysts forecast that MAM Software Group, Inc. will post $0.23 earnings per share for the current fiscal year.

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A hedge fund recently bought a new stake in MAM Software Group stock. Wynnefield Capital Inc. bought a new position in shares of MAM Software Group, Inc. (NASDAQ:MAMS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 3,258,369 shares of the technology company’s stock, valued at approximately $21,049,000. MAM Software Group comprises 7.6% of Wynnefield Capital Inc.’s investment portfolio, making the stock its 4th largest position. Wynnefield Capital Inc. owned about 26.66% of MAM Software Group as of its most recent filing with the SEC. Institutional investors own 30.96% of the company’s stock.

Several equities research analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating and issued a $5.75 price objective on shares of MAM Software Group in a research report on Monday, May 15th. Zacks Investment Research raised shares of MAM Software Group from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Thursday, May 18th.

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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