B. Riley set a $9.00 target price on MAM Software Group (NASDAQ:MAMS) in a research report released on Thursday, February 14th. The firm currently has a hold rating on the technology company’s stock. B. Riley also issued estimates for MAM Software Group’s Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.29 EPS, Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.10 EPS and FY2020 earnings at $0.31 EPS.
A number of other brokerages have also issued reports on MAMS. Zacks Investment Research upgraded shares of MAM Software Group from a hold rating to a buy rating and set a $9.25 target price for the company in a research report on Wednesday, February 6th. ValuEngine raised shares of MAM Software Group from a hold rating to a buy rating in a research note on Friday, November 16th.
MAM Software Group stock remained flat at $$8.55 during midday trading on Thursday. 8,286 shares of the company’s stock traded hands, compared to its average volume of 8,418. MAM Software Group has a 52 week low of $6.53 and a 52 week high of $9.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 1.07. The stock has a market cap of $107.77 million, a P/E ratio of 25.91 and a beta of 0.27.
MAM Software Group (NASDAQ:MAMS) last announced its earnings results on Monday, February 11th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $8.96 million during the quarter, compared to analysts’ expectations of $9.46 million. MAM Software Group had a net margin of 11.09% and a return on equity of 28.81%. As a group, sell-side analysts anticipate that MAM Software Group will post 0.29 earnings per share for the current year.
An institutional investor recently raised its position in MAM Software Group stock. BlackRock Inc. raised its position in MAM Software Group Inc. (NASDAQ:MAMS) by 345.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,152 shares of the technology company’s stock after acquiring an additional 15,632 shares during the period. BlackRock Inc. owned about 0.16% of MAM Software Group worth $173,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 39.01% of the company’s stock.
MAM Software Group Company Profile
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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