Park City Group (NASDAQ:PCYG) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Park City Group (NASDAQ:PCYG – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Other analysts also recently issued research reports about the company. TheStreet downgraded Park City Group from a b- rating to a c+ rating in a research note on Friday, April 22nd. DA Davidson lowered their price target on Park City Group to $9.00 and set a na rating on the stock in a research report on Tuesday, May 17th.

Shares of NASDAQ PCYG opened at $5.51 on Thursday. The company has a market cap of $102.46 million, a price-to-earnings ratio of 30.61 and a beta of 1.06. Park City Group has a 12-month low of $4.06 and a 12-month high of $10.68. The stock’s 50 day simple moving average is $5.13 and its 200 day simple moving average is $5.81.

Park City Group (NASDAQ:PCYG – Get Rating) last announced its quarterly earnings results on Monday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Park City Group had a return on equity of 8.75% and a net margin of 21.75%.

Several hedge funds have recently modified their holdings of the company. JSF Financial LLC acquired a new stake in Park City Group during the third quarter valued at $55,000. Goldman Sachs Group Inc. bought a new position in Park City Group during the first quarter valued at about $56,000. Commonwealth Equity Services LLC bought a new stake in shares of Park City Group in the 1st quarter valued at approximately $56,000. Stifel Financial Corp bought a new stake in shares of Park City Group in the 4th quarter valued at approximately $64,000. Finally, WealthTrust Axiom LLC acquired a new position in shares of Park City Group in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 30.05% of the company’s stock.

About Park City Group (Get Rating)

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.

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