Zacks: Brokerages Set $11.50 Target Price for Park City Group, Inc. (NASDAQ:PCYG)

Park City Group, Inc. (NASDAQ:PCYG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus target price of $11.50 for the company, according to Zacks. Zacks has also assigned Park City Group an industry rank of 53 out of 255 based on the ratings given to related companies.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Park City Group from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Zacks Investment Research upgraded shares of Park City Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th.

Shares of Park City Group stock opened at $5.16 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.02 and a current ratio of 3.00. Park City Group has a 52-week low of $4.76 and a 52-week high of $9.15. The stock has a market capitalization of $107.99 million, a price-to-earnings ratio of 39.07 and a beta of 1.66. The company’s 50 day moving average price is $5.52 and its 200-day moving average price is $5.72.

Park City Group (NASDAQ:PCYG) last issued its earnings results on Thursday, September 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Park City Group had a return on equity of 7.74% and a net margin of 15.55%. The firm had revenue of $4.66 million during the quarter, compared to the consensus estimate of $5.06 million.

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Park City Group in the second quarter worth approximately $46,000. Weiss Asset Management LP bought a new stake in Park City Group in the second quarter valued at $88,000. Connors Investor Services Inc. boosted its holdings in Park City Group by 8.0% in the second quarter. Connors Investor Services Inc. now owns 47,886 shares of the technology company’s stock valued at $257,000 after acquiring an additional 3,534 shares in the last quarter. Paloma Partners Management Co bought a new stake in Park City Group in the second quarter valued at $306,000. Finally, Ingalls & Snyder LLC boosted its holdings in Park City Group by 13.8% in the second quarter. Ingalls & Snyder LLC now owns 159,221 shares of the technology company’s stock valued at $853,000 after acquiring an additional 19,360 shares in the last quarter. Hedge funds and other institutional investors own 24.46% of the company’s stock.

Park City Group Company Profile

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.

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