Park City Group, Inc. (PCYG) Given Consensus Recommendation of “Strong Buy” by Brokerages

Park City Group, Inc. (NASDAQ:PCYG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $14.00 for the company and are forecasting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Park City Group an industry rank of 95 out of 257 based on the ratings given to its competitors.

Several research analysts have weighed in on the company. Zacks Investment Research raised Park City Group from a “sell” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Thursday, July 12th. TheStreet raised Park City Group from a “c+” rating to a “b-” rating in a research report on Monday, October 1st.

Hedge funds have recently bought and sold shares of the business. Cowen Prime Services LLC purchased a new position in Park City Group in the third quarter worth $157,000. LVW Advisors LLC boosted its position in Park City Group by 80.0% in the third quarter. LVW Advisors LLC now owns 45,000 shares of the technology company’s stock worth $455,000 after purchasing an additional 20,000 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Park City Group in the second quarter worth $104,000. Pitcairn Co. purchased a new position in Park City Group in the third quarter worth $128,000. Finally, BlackRock Inc. boosted its position in Park City Group by 16.2% in the second quarter. BlackRock Inc. now owns 717,515 shares of the technology company’s stock worth $5,668,000 after purchasing an additional 100,236 shares during the last quarter. 28.00% of the stock is currently owned by institutional investors and hedge funds.

PCYG stock traded up $0.88 during midday trading on Friday, hitting $9.14. The company’s stock had a trading volume of 111,100 shares, compared to its average volume of 57,873. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.04. Park City Group has a 1 year low of $6.75 and a 1 year high of $11.75. The stock has a market cap of $166.65 million, a P/E ratio of 60.93, a P/E/G ratio of 1.49 and a beta of 1.08.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Park City Group had a return on equity of 9.17% and a net margin of 15.47%. The business had revenue of $5.94 million for the quarter, compared to analysts’ expectations of $5.75 million. As a group, analysts forecast that Park City Group will post 0.27 earnings per share for the current fiscal year.

Park City Group Company Profile

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

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