NetSol Technologies (NASDAQ:NTWK) Raised to Strong-Buy at Wall Street Zen

NetSol Technologies (NASDAQ:NTWK) was upgraded by Wall Street Zen to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

NTWK has been the topic of a number of other research reports. Noble Financial began coverage on NetSol Technologies in a research note on Wednesday, October 21st. They set an “outperform” rating and a $9.00 target price on the stock. Weiss Ratings upgraded NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Finally, Zacks Research raised shares of NetSol Technologies to a “hold” rating in a research note on Thursday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

NetSol Technologies Stock Performance

Shares of NTWK opened at $7.68 on Friday. The company has a market capitalization of $91.78 million, a price-to-earnings ratio of 30.72 and a beta of 0.91. The firm has a 50-day simple moving average of $5.42 and a 200-day simple moving average of $4.26. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $8.46.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Monday, October 5th. The software maker reported $0.32 EPS for the quarter, beating the consensus estimate of $0.08 by $0.24. The business had revenue of $20.72 million during the quarter, compared to analyst estimates of $15.10 million. NetSol Technologies had a net margin of 4.02% and a return on equity of 6.79%. Equities research analysts forecast that NetSol Technologies will post 0.43 EPS for the current year.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its stake in NetSol Technologies stock. Empowered Funds LLC boosted its holdings in NetSol Technologies Inc. (NASDAQ:NTWK) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,151 shares of the software maker’s stock after purchasing an additional 5,624 shares during the period. Empowered Funds LLC owned about 0.57% of NetSol Technologies worth $231,000 as of its most recent SEC filing. Institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc is a global provider of enterprise software and information technology services, with a primary focus on the asset finance and leasing industry. The company serves vehicle manufacturers, banks, financial institutions, equipment lessors and other organizations that manage commercial lending, leasing and financing operations.

Its software offerings are designed to support the full lifecycle of financing transactions, including origination, credit and contract management, billing, accounting, asset management, collections and portfolio administration.