Zacks: MAM Software Group Inc. (NASDAQ:MAMS) Given $9.00 Average Price Target by Brokerages
MAM Software Group Inc. (NASDAQ:MAMS) has earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price objective of $9.00 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned MAM Software Group an industry rank of 76 out of 256 based on the ratings given to its competitors.
A number of research firms have recently commented on MAMS. Zacks Investment Research raised shares of MAM Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. ValuEngine cut shares of MAM Software Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in MAM Software Group by 26.0% during the 2nd quarter. Vanguard Group Inc. now owns 28,497 shares of the technology company’s stock worth $289,000 after buying an additional 5,884 shares during the last quarter. BlackRock Inc. grew its stake in MAM Software Group by 41.7% during the 2nd quarter. BlackRock Inc. now owns 29,401 shares of the technology company’s stock valued at $298,000 after purchasing an additional 8,657 shares during the last quarter. Acadian Asset Management LLC grew its stake in MAM Software Group by 54.2% during the 2nd quarter. Acadian Asset Management LLC now owns 9,279 shares of the technology company’s stock valued at $95,000 after purchasing an additional 3,263 shares during the last quarter. Finally, Cove Street Capital LLC grew its stake in MAM Software Group by 2.2% during the 1st quarter. Cove Street Capital LLC now owns 939,335 shares of the technology company’s stock valued at $7,994,000 after purchasing an additional 20,000 shares during the last quarter. 36.19% of the stock is owned by hedge funds and other institutional investors.
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. The company offers business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; and 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.
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