In a report released today, Sarkis Sherbetchyan from B.Riley FBR reiterated a Hold rating on MAM Software Group (MAMS), with a price target of $9. The company’s shares closed on Friday at $8.85, close to its 52-week high of $9.26.
“Neutral-rated MAM Software Group (MAMS, $9 PT) reported 3Q19 (Mar.) results after the market close on Thursday, 5/9, and held its earnings call Friday morning. Total revenues were in line with our estimate, while higher-than-expected investment in people/infrastructure drove a GM% miss relative to our model. Total operating expenses were below our model, enabling the company to generate adjusted EBITDA in line with our model. Mgmt. noted FY19 sales growth could fall short of its prior expectation due to the timing/nature of opportunities. However, FY19 adjusted EBITDA guidance of $6.2M-$6.7M was reiterated. We therefore tweak our FY19 revenue modestly lower to reflect a tempered roll-out of the VAST Online solution. Our FY19 adjusted EBITDA forecast of $6.0M now sits below the low-end of guidance.”
According to TipRanks.com, Sherbetchyan is a 1-star analyst with an average return of -0.9% and a 45.8% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Vishay Precision Group, S&W Seed Company, and Ferroglobe PLC.
The word on The Street in general, suggests a Hold analyst consensus rating for MAM Software Group with a $9 average price target.
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MAM Software Group’s market cap is currently $111.4M and has a P/E ratio of 26.21. The company has a Price to Book ratio of 7.32.
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MAM Software Group, Inc. engages in the provision of on-premise and cloud-based business management solutions for the auto parts, tire, and vertical distribution industries. It provides a portfolio of software, data, and integration services that enable businesses to manage core businesses processes and control costs and generate new profit opportunities.