NetSol Technologies (NASDAQ:NTWK) Stock Rating Upgraded by Zacks Research

NetSol Technologies (NASDAQ:NTWK) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Thursday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Noble Financial started coverage on shares of NetSol Technologies in a research note on Wednesday. They set an “outperform” rating and a $9.00 price objective for the company. Weiss Ratings raised NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.00.

NetSol Technologies Trading Up 1.4%

Shares of NTWK opened at $7.86 on Thursday. NetSol Technologies has a 12 month low of $2.73 and a 12 month high of $8.20. The firm has a fifty day simple moving average of $5.03 and a 200 day simple moving average of $4.48. The stock has a market capitalization of $93.93 million, a price-to-earnings ratio of 31.44 and a beta of 0.94.

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

Institutional Trading of NetSol Technologies

A hedge fund recently bought a new position in NetSol Technologies stock. SBI Securities Co. Ltd. bought a new stake in NetSol Technologies Inc. (NASDAQ:NTWK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned about 0.08% of NetSol Technologies as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies News Summary

Here are the key news stories impacting NetSol Technologies this week:

• Positive Sentiment: Noble Financial maintains an “Outperform” rating and $9 price target. The firm forecasts 2027 quarterly EPS of $0.01, $0.07, $0.16 and $0.19, or $0.43 for the full year, followed by $0.63 in FY2028. The target implies additional upside from recent trading levels and signals confidence in NetSol’s earnings growth. Noble Financial estimates and rating
• Positive Sentiment: NetSol’s latest quarterly results exceeded expectations. The software maker reported $0.32 in EPS versus the $0.08 consensus estimate and revenue of $20.72 million versus expectations of $15.10 million. The sizable earnings and revenue beats provide fundamental support for the recent stock strength.
• Positive Sentiment: Recent coverage focused on the stock’s advance. An AAII article examined why NTWK shares were up 5.03%, highlighting investor interest following the company’s performance and analyst commentary. Why NetSol Technologies stock is up

About NetSol Technologies

NetSol Technologies, Inc is a global provider of enterprise software and technology services focused primarily on the asset finance and leasing industry. The company develops solutions that help banks, captive finance companies, equipment manufacturers and other organizations manage lending, leasing and financing operations.

Its product portfolio includes the NFS Ascent platform, a software suite designed to support the lifecycle of asset finance transactions, including origination, credit assessment, contract management, billing, accounting and portfolio administration.