Zacks Investment Research downgraded shares of MAM Software Group (NASDAQ:MAMS) from a hold rating to a sell rating in a report published on Wednesday morning.
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. “
Separately, B. Riley reiterated a hold rating and set a $8.00 price target on shares of MAM Software Group in a research note on Monday, October 2nd.
In related news, Director William Austin Iv Lewis sold 122,000 shares of MAM Software Group stock in a transaction on 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 legal filing with the SEC, which is available at the SEC website. 32.46% of the stock is currently owned by insiders.
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MAM Software Group Company Profile
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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