FY2018 EPS Estimates for MAM Software Group Inc. Increased by B. Riley (MAMS)

MAM Software Group Inc. (NASDAQ:MAMS) – Analysts at B. Riley lifted their FY2018 earnings estimates for shares of MAM Software Group in a report released on Monday. B. Riley analyst S. Sherbetchyan now forecasts that the technology company will post earnings per share of $0.31 for the year, up from their prior forecast of $0.29. B. Riley currently has a “Neutral” rating and a $8.50 price objective on the stock. B. Riley also issued estimates for MAM Software Group’s Q1 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.14 EPS.

MAM Software Group (NASDAQ:MAMS) last issued its earnings results on Tuesday, November 14th. The technology company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The firm had revenue of $8.64 million during the quarter, compared to the consensus estimate of $8.63 million. MAM Software Group had a return on equity of 40.12% and a net margin of 12.46%.

Separately, Zacks Investment Research raised MAM Software Group from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Wednesday.

Shares of MAM Software Group (NASDAQ:MAMS) remained flat at $$7.55 during midday trading on Wednesday. The stock had a trading volume of 26,700 shares, compared to its average volume of 5,294. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.50. The stock has a market cap of $94.96, a price-to-earnings ratio of 22.88 and a beta of -0.01. MAM Software Group has a twelve month low of $5.91 and a twelve month high of $9.42.

In other news, Director William Austin Iv Lewis sold 122,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $7.50, for a total value of $915,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 32.46% of the company’s stock.

A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC increased its position in MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 626,786 shares of the technology company’s stock after buying an additional 107,586 shares during the quarter. Cove Street Capital LLC owned 4.98% of MAM Software Group worth $4,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 30.38% of the company’s stock.

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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.

Earnings History and Estimates for MAM Software Group (NASDAQ:MAMS)

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