NetSol Technologies (NASDAQ:NTWK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded NetSol Technologies to “strong-buy.” Other analysts have issued mostly positive ratings, giving the stock a consensus “Moderate Buy” rating and a $9.00 target price.
• NetSol reported quarterly earnings of $0.32 per share, beating the $0.08 consensus estimate, while revenue of $20.72 million exceeded expectations of $15.10 million.
• NTWK opened at $7.68, with a market capitalization of approximately $91.78 million; hedge funds and institutional investors own 16.02% of the company.

NetSol Technologies (NASDAQ:NTWK - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "strong-buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of NetSol Technologies to a "hold" rating in a research note on Thursday, October 22nd. Noble Financial started coverage on shares of NetSol Technologies in a research report on Wednesday, October 21st. They set an "outperform" rating and a $9.00 price target on the stock. Finally, Weiss Ratings raised shares of NetSol Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.00.

NetSol Technologies Stock Down 1.0%

NTWK stock opened at $7.68 on Friday. The business has a 50 day moving average price of $5.42 and a two-hundred day moving average price of $4.26. The company has a market cap of $91.78 million, a price-to-earnings ratio of 31.04 and a beta of 0.94. NetSol Technologies has a twelve month low of $2.73 and a twelve month high of $8.46.

NetSol Technologies (NASDAQ:NTWK - Get Free Report) last posted its quarterly earnings results on Monday, October 5th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.24. The firm had revenue of $20.72 million for the quarter, compared to analyst estimates of $15.10 million. NetSol Technologies had a return on equity of 6.79% and a net margin of 4.02%. On average, equities research analysts anticipate that NetSol Technologies will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its position in NetSol Technologies stock. Empowered Funds LLC grew its holdings in NetSol Technologies Inc. (NASDAQ:NTWK - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,151 shares of the software maker's stock after buying an additional 5,624 shares during the period. Empowered Funds LLC owned 0.57% of NetSol Technologies worth $231,000 at the end of the most recent quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.

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