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

Key Points

• NetSol Technologies was upgraded to a "strong-buy" rating by Wall Street Zen, signaling analyst confidence in the stock's potential performance.
• The company reported $0.22 earnings per share for the most recent quarter, alongside revenues of $18.40 million.
• Institutional investor PFG Investments LLC acquired a new position in NetSol, purchasing 25,000 shares valued at approximately $78,000.

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 to investors on Saturday.

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of NetSol Technologies in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

NetSol Technologies Trading Down 3.3%

NTWK stock opened at $4.42 on Friday. The stock's fifty day simple moving average is $4.40 and its two-hundred day simple moving average is $3.43. NetSol Technologies has a 1-year low of $2.14 and a 1-year high of $5.75. The stock has a market cap of $52.11 million, a P/E ratio of 17.68 and a beta of 1.10.

NetSol Technologies (NASDAQ:NTWK - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The software maker reported $0.22 earnings per share for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The business had revenue of $18.40 million for the quarter.

Insider Buying and Selling

In other NetSol Technologies news, President Naeem Ghauri bought 18,279 shares of NetSol Technologies stock in a transaction that occurred on Monday, July 14th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $70,374.15. Following the completion of the transaction, the president directly owned 459,853 shares in the company, valued at $1,770,434.05. This represents a 4.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 14.95% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently bought a new position in NetSol Technologies stock. PFG Investments LLC bought a new position in shares of NetSol Technologies Inc. (NASDAQ:NTWK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the software maker's stock, valued at approximately $78,000. PFG Investments LLC owned approximately 0.21% of NetSol Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 16.02% of the company's stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.

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