MAM Software Group Inc. (NASDAQ:MAMS) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a 12-month consensus price objective of $9.25 for the company and are forecasting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given MAM Software Group an industry rank of 106 out of 255 based on the ratings given to its competitors.

A number of research firms recently weighed in on MAMS. Zacks Investment Research cut MAM Software Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. B. Riley restated a “neutral” rating and issued a $9.25 price target (up from $8.50) on shares of MAM Software Group in a research report on Thursday, September 13th. Finally, ValuEngine lowered MAM Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st.

In other news, Director William Austin Iv Lewis sold 122,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $7.50, for a total value of $915,000.00. Following the completion of the sale, the director now directly owns 606,441 shares in the company, valued at $4,548,307.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.46% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Cove Street Capital LLC lifted its holdings in MAM Software Group by 7.9% in the second quarter. Cove Street Capital LLC now owns 805,537 shares of the technology company’s stock valued at $6,944,000 after acquiring an additional 59,178 shares during the last quarter. Renaissance Technologies LLC acquired a new position in MAM Software Group in the second quarter valued at approximately $296,000. Bandera Partners LLC acquired a new position in MAM Software Group in the second quarter valued at approximately $1,755,000. Finally, BlackRock Inc. lifted its holdings in MAM Software Group by 345.8% in the second quarter. BlackRock Inc. now owns 20,152 shares of the technology company’s stock valued at $173,000 after acquiring an additional 15,632 shares during the last quarter. Institutional investors and hedge funds own 37.86% of the company’s stock.

NASDAQ MAMS traded up $0.10 during trading hours on Friday, reaching $7.50. The company’s stock had a trading volume of 61 shares, compared to its average volume of 15,251. The stock has a market capitalization of $96.98 million, a price-to-earnings ratio of 22.73 and a beta of -0.07. MAM Software Group has a 1-year low of $6.73 and a 1-year high of $9.42. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.34.

MAM Software Group (NASDAQ:MAMS) last released its quarterly earnings results on Friday, September 14th. The technology company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $9.53 million during the quarter, compared to analysts’ expectations of $9.26 million. MAM Software Group had a return on equity of 32.08% and a net margin of 8.97%. Equities analysts predict that MAM Software Group will post 0.3 EPS for the current fiscal year.

About MAM Software Group

MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services.

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