Shares of MAM Software Group Inc. (NASDAQ:MAMS) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a 12 month consensus price target of $8.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned MAM Software Group an industry rank of 111 out of 265 based on the ratings given to its competitors.
MAMS has been the subject of a number of recent research reports. 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. Zacks Investment Research cut shares of MAM Software Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th.
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 value of $915,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.46% of the company’s stock.
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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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