Analysts Anticipate MAM Software Group Inc. (MAMS) to Announce $0.08 EPS

Shares of MAM Software Group Inc. (NASDAQ:MAMS) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus price objective of $8.50 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned MAM Software Group an industry rank of 86 out of 255 based on the ratings given to its competitors.

MAMS has been the topic of a number of research analyst reports. ValuEngine upgraded MAM Software Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 17th. Zacks Investment Research upgraded MAM Software Group from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research report on Thursday, May 17th.



In related news, major shareholder Wynnefield Partners Small Cap sold 74,024 shares of the firm’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $6.15, for a total value of $455,247.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Jamieson sold 200,000 shares of the firm’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $8.00, for a total value of $1,600,000.00. Following the completion of the transaction, the chief executive officer now owns 882,165 shares in the company, valued at approximately $7,057,320. The disclosure for this sale can be found here. Insiders have sold a total of 456,171 shares of company stock worth $3,606,517 in the last quarter. Company insiders own 32.46% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of MAM Software Group by 345.8% in the second quarter. BlackRock Inc. now owns 20,152 shares of the technology company’s stock worth $173,000 after purchasing an additional 15,632 shares during the period. Cove Street Capital LLC increased its position in shares of MAM Software Group by 19.1% in the first quarter. Cove Street Capital LLC now owns 746,359 shares of the technology company’s stock worth $5,845,000 after purchasing an additional 119,573 shares during the period. Finally, Bandera Partners LLC bought a new position in shares of MAM Software Group in the second quarter worth $1,755,000. Institutional investors own 32.55% of the company’s stock.

MAMS traded up $0.01 during trading hours on Friday, reaching $8.04. The company’s stock had a trading volume of 4,263 shares, compared to its average volume of 12,052. MAM Software Group has a 52 week low of $6.59 and a 52 week high of $9.42. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. The stock has a market cap of $101.14 million, a PE ratio of 21.70 and a beta of -0.14.

MAM Software Group (NASDAQ:MAMS) last posted its quarterly earnings results on Thursday, May 10th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. MAM Software Group had a return on equity of 39.31% and a net margin of 13.58%. The business had revenue of $9.11 million for the quarter, compared to analysts’ expectations of $8.95 million. equities analysts forecast that MAM Software Group will post 0.33 earnings per share for the current 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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