MAM Software Group (MAMS) Given New $8.50 Price Target at B. Riley

MAM Software Group (NASDAQ:MAMS) had its target price hoisted by equities research analysts at B. Riley from $8.00 to $8.50 in a report issued on Monday. The brokerage currently has a “neutral” rating on the technology company’s stock. B. Riley’s price target would indicate a potential upside of 11.26% from the stock’s current price.

Separately, Zacks Investment Research lowered shares of MAM Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th.

Shares of MAM Software Group (NASDAQ:MAMS) traded up $0.04 during midday trading on Monday, hitting $7.64. 5,400 shares of the stock traded hands, compared to its average volume of 4,670. MAM Software Group has a 1-year low of $5.91 and a 1-year high of $9.42. The firm has a market capitalization of $96.02, a price-to-earnings ratio of 21.83 and a beta of -0.01. 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 (NASDAQ:MAMS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. MAM Software Group had a net margin of 12.46% and a return on equity of 40.12%. The business had revenue of $8.64 million for the quarter, compared to analyst estimates of $8.63 million. equities analysts expect that MAM Software Group will post 0.29 EPS for the current fiscal year.

In other news, Director William Austin Iv Lewis sold 122,000 shares of MAM Software Group stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $7.50, for a total value of $915,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.46% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “MAM Software Group (MAMS) Given New $8.50 Price Target at B. Riley” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/12/mam-software-group-mams-given-new-8-50-price-target-at-b-riley.html.

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.

Receive News & Ratings for MAM Software Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAM Software Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply