MAM Software Group (MAMS) Stock Rating Upgraded by Zacks Investment Research
MAM Software Group (NASDAQ:MAMS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $8.50 price target on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.58% from the company’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. “
Separately, B. Riley reissued a “hold” rating and set a $8.00 target price on shares of MAM Software Group in a report on Monday, November 13th.
In other news, Director William Austin Iv Lewis sold 122,000 shares of MAM Software Group stock in a transaction on Monday, December 18th. The stock was sold at an average price of $7.50, for a total transaction of $915,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.46% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in MAM Software Group stock. Cove Street Capital LLC lifted its position in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 about 4.98% of MAM Software Group worth $4,707,000 as of its most recent SEC filing. Institutional investors own 31.28% 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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