StockNews.com Begins Coverage on Park City Group (NASDAQ:PCYG)

Equities research analysts at StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYGGet Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on the company. DA Davidson lowered their price target on Park City Group to $9.00 and set a “na” rating for the company in a report on Tuesday, May 17th. TheStreet cut Park City Group from a “b-” rating to a “c+” rating in a report on Friday, April 22nd.

Shares of PCYG opened at $5.01 on Thursday. Park City Group has a 52-week low of $4.06 and a 52-week high of $10.68. The company has a market capitalization of $93.17 million, a PE ratio of 27.83 and a beta of 1.04. The stock has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $5.75.

Park City Group (NASDAQ:PCYGGet Rating) last issued its earnings results on Monday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter. Park City Group had a return on equity of 8.75% and a net margin of 21.75%. The business had revenue of $4.56 million during the quarter.

A number of institutional investors have recently made changes to their positions in PCYG. Goldman Sachs Group Inc. purchased a new position in shares of Park City Group in the 1st quarter valued at about $56,000. Commonwealth Equity Services LLC purchased a new position in shares of Park City Group in the 1st quarter valued at about $56,000. Stifel Financial Corp purchased a new position in shares of Park City Group in the 4th quarter valued at about $64,000. WealthTrust Axiom LLC purchased a new position in shares of Park City Group in the 4th quarter valued at about $73,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Park City Group in the 4th quarter valued at about $108,000. Institutional investors own 30.05% of the company’s stock.

About Park City Group (Get Rating)

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

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