MAM Software Group (MAMS) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of MAM Software Group (NASDAQ:MAMS) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The brokerage currently has $8.50 price target on the technology company’s stock.
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 reissued a hold rating and set a $8.00 target price on shares of MAM Software Group in a research report on Monday, November 13th.
In other MAM Software Group news, Director William Austin Iv Lewis sold 122,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $7.50, for a total transaction of $915,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 32.46% of the company’s stock.
A hedge fund recently raised its stake in MAM Software Group stock. Cove Street Capital LLC raised its stake in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 626,786 shares of the technology company’s stock after purchasing an additional 107,586 shares during the quarter. Cove Street Capital LLC owned about 4.98% of MAM Software Group worth $4,707,000 at the end of the most recent reporting period. 31.28% of the stock is currently owned by hedge funds and other institutional investors.
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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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