Zacks Investment Research upgraded shares of MAM Software Group (NASDAQ:MAMS) from a sell rating to a hold rating in a research note issued to investors on Thursday.
According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “
Several other brokerages also recently commented on MAMS. ValuEngine raised shares of MAM Software Group from a hold rating to a buy rating in a research note on Friday, November 16th. B. Riley set a $9.00 target price on shares of MAM Software Group and gave the stock a hold rating in a research note on Thursday, February 14th.
MAM Software Group (NASDAQ:MAMS) last issued its earnings results on Monday, February 11th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. MAM Software Group had a net margin of 11.09% and a return on equity of 28.81%. The company had revenue of $8.96 million for the quarter, compared to the consensus estimate of $9.46 million. Equities research analysts anticipate that MAM Software Group will post 0.29 earnings per share for the current year.
A hedge fund recently raised its stake in MAM Software Group stock. BlackRock Inc. boosted its stake in MAM Software Group Inc. (NASDAQ:MAMS) by 345.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 0.16% of MAM Software Group worth $173,000 at the end of the most recent reporting period. 38.52% 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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