NetSol Technologies (NASDAQ:NTWK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NetSol Technologies (NASDAQ:NTWK) to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.

A number of other analysts also recently weighed in on the company. Weiss Ratings upgraded NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Zacks Research raised shares of NetSol Technologies to a “hold” rating in a research note on Thursday, October 22nd. Finally, Noble Financial assumed coverage on shares of NetSol Technologies in a research report on Wednesday, October 21st. They set an “outperform” rating and a $9.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, NetSol Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

NetSol Technologies Stock Performance

NTWK stock opened at $8.00 on Friday. The stock has a fifty day moving average of $5.49 and a 200-day moving average of $4.29. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $8.46. The company has a market capitalization of $95.60 million, a price-to-earnings ratio of 33.12 and a beta of 0.94.

NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Monday, October 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.24. NetSol Technologies had a net margin of 4.02% and a return on equity of 6.79%. The business had revenue of $20.72 million for the quarter, compared to analysts’ expectations of $15.10 million. Equities analysts predict that NetSol Technologies will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Empowered Funds LLC increased its holdings in NetSol Technologies Inc. (NASDAQ:NTWK) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,151 shares of the software maker’s stock after acquiring an additional 5,624 shares during the quarter. Empowered Funds LLC owned about 0.57% of NetSol Technologies worth $231,000 as of its most recent filing with the Securities & Exchange Commission. 16.02% of the stock is owned by hedge funds and other institutional investors.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a global provider of enterprise software and information technology services, with a primary focus on the asset finance and leasing industry. The company serves vehicle manufacturers, banks, financial institutions, equipment lessors and other organizations that manage commercial lending, leasing and financing operations.

Its software offerings are designed to support the full lifecycle of financing transactions, including origination, credit and contract management, billing, accounting, asset management, collections and portfolio administration.