MAM Software Group Inc. (NASDAQ:MAMS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $7.50 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 12.78% from the company’s current price.

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 reaffirmed a “neutral” rating and issued a $6.25 price objective on shares of MAM Software Group in a research note on Saturday, November 19th.

MAM Software Group (NASDAQ:MAMS) opened at 6.65 on Wednesday. MAM Software Group has a one year low of $5.10 and a one year high of $7.48. The firm has a market capitalization of $81.26 million, a PE ratio of 20.72 and a beta of 0.07. The stock’s 50 day moving average is $6.26 and its 200-day moving average is $6.08.

MAM Software Group (NASDAQ:MAMS) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. MAM Software Group had a net margin of 12.19% and a return on equity of 81.30%. The company earned $8.06 million during the quarter, compared to analysts’ expectations of $8.07 million. On average, analysts anticipate that MAM Software Group will post $0.15 EPS for the current fiscal year.

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About MAM Software Group

MAM Software Group, Inc is a technology holding company. The Company, through its subsidiaries, provides information management solutions and services, and cloud-based software solutions for the automotive aftermarket sector of the United States, Canada, the United Kingdom and Ireland. In the United Kingdom and Ireland, the Company also provides management solutions to businesses involved in the wholesale of construction materials.

5 Day Chart for NASDAQ:MAMS

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