Analysts Set $10.20 Price Target for NetSol Technologies Inc. (NASDAQ:NTWK)
NetSol Technologies Inc. (NASDAQ:NTWK) has been given an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Analysts have set a one year consensus target price of $10.20 for the company, according to Zacks. Zacks has also assigned NetSol Technologies an industry rank of 149 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on NTWK. Zacks Investment Research upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet upgraded shares of NetSol Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 29th.
Shares of NetSol Technologies (NASDAQ:NTWK) opened at 6.28 on Thursday. The firm has a market capitalization of $67.11 million, a price-to-earnings ratio of 19.63 and a beta of 0.24. The stock has a 50 day moving average of $6.12 and a 200 day moving average of $6.29. NetSol Technologies has a 52-week low of $5.16 and a 52-week high of $9.50.
NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, September 15th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. NetSol Technologies had a net margin of 5.27% and a return on equity of 4.56%. The business had revenue of $19.10 million for the quarter. On average, analysts predict that NetSol Technologies will post $0.20 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in NetSol Technologies by 1.8% in the first quarter. Acadian Asset Management LLC now owns 39,284 shares of the company’s stock valued at $274,000 after buying an additional 704 shares during the period. Geode Capital Management LLC increased its position in NetSol Technologies by 6.0% in the first quarter. Geode Capital Management LLC now owns 52,458 shares of the company’s stock valued at $366,000 after buying an additional 2,967 shares during the period. Algert Global LLC increased its position in NetSol Technologies by 26.5% in the first quarter. Algert Global LLC now owns 46,069 shares of the company’s stock valued at $322,000 after buying an additional 9,660 shares during the period. Royal Bank of Canada increased its position in NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock valued at $214,000 after buying an additional 11,157 shares during the period. Finally, Raymond James & Associates purchased a new position in NetSol Technologies during the second quarter valued at $114,000. 15.01% of the stock is currently owned by institutional investors and hedge funds.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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