NetSol Technologies (NASDAQ:NTWK) Stock Lifted to “Hold” by Zacks Research

Zacks Research upgraded shares of NetSol Technologies (NASDAQ:NTWK) to a hold rating in a research note released on Thursday morning,Zacks reports.

NTWK has been the topic of several other reports. Weiss Ratings upgraded shares of NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Noble Financial initiated coverage on shares of NetSol Technologies in a report on Wednesday. They set an “outperform” rating and a $9.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.00.

NetSol Technologies Price Performance

NetSol Technologies stock opened at $7.86 on Thursday. The stock’s 50 day moving average price is $5.03 and its 200 day moving average price is $4.48. NetSol Technologies has a 1-year low of $2.73 and a 1-year high of $8.20. The company has a market cap of $93.93 million, a PE ratio of 31.44 and a beta of 0.94.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Monday, October 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.24. The firm had revenue of $20.72 million during the quarter, compared to analysts’ expectations 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.

Institutional Trading of NetSol Technologies

A hedge fund recently bought a new stake in NetSol Technologies stock. SBI Securities Co. Ltd. purchased a new stake in NetSol Technologies Inc. (NASDAQ:NTWK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned approximately 0.08% of NetSol Technologies as of its most recent SEC filing. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.