MAM Software Group (MAMS) Price Target Increased to $8.50 by Analysts at B. Riley

MAM Software Group (NASDAQ:MAMS) had its price objective upped by B. Riley from $8.00 to $8.50 in a research report sent to investors on Monday morning. The brokerage currently has a neutral rating on the technology company’s stock. B. Riley also issued estimates for MAM Software Group’s Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.37 EPS.

Separately, Zacks Investment Research lowered shares of MAM Software Group from a buy rating to a hold rating in a research note on Tuesday, December 5th.

Shares of MAM Software Group (MAMS) opened at $7.55 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 0.98. MAM Software Group has a 12 month low of $5.91 and a 12 month high of $9.42. The stock has a market cap of $94.96, a PE ratio of 22.88 and a beta of -0.01.

MAM Software Group (NASDAQ:MAMS) last posted its earnings results on Tuesday, November 14th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. MAM Software Group had a net margin of 12.46% and a return on equity of 40.12%. The business had revenue of $8.64 million for the quarter, compared to analyst estimates of $8.63 million. research analysts predict that MAM Software Group will post 0.31 earnings per share for the current year.

In other news, Director William Austin Iv Lewis sold 122,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $7.50, for a total transaction of $915,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 boosted its stake in MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 4.98% of MAM Software Group worth $4,707,000 at the end of the most recent reporting period. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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