Raymond James Financial, Inc. reaffirmed their market perform rating on shares of MobileIron, Inc. (NASDAQ:MOBL) in a research note released on Wednesday, October 18th, Marketbeat Ratings reports.
Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of MobileIron from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Northland Securities restated a buy rating and issued a $7.00 price target on shares of MobileIron in a research note on Friday, July 14th. UBS AG downgraded shares of MobileIron from an outperform rating to a market perform rating in a research note on Wednesday, October 18th. ValuEngine downgraded shares of MobileIron from a hold rating to a sell rating in a research note on Friday, September 1st. Finally, Barclays PLC restated a sell rating and issued a $5.00 price target on shares of MobileIron in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. MobileIron has a consensus rating of Hold and an average price target of $5.08.
MobileIron (MOBL) traded up 1.43% during mid-day trading on Wednesday, reaching $3.55. 1,007,712 shares of the company’s stock traded hands. The firm has a 50 day moving average of $3.74 and a 200 day moving average of $4.72. MobileIron has a 1-year low of $3.20 and a 1-year high of $6.78. The firm’s market cap is $265.00 million.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. MobileIron had a negative net margin of 32.67% and a negative return on equity of 136.81%. The business had revenue of $42.65 million for the quarter, compared to the consensus estimate of $43.44 million. During the same period in the prior year, the company posted ($0.14) earnings per share. MobileIron’s revenue was up 9.6% compared to the same quarter last year. Analysts forecast that MobileIron will post ($0.24) EPS for the current year.
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In other MobileIron news, VP Daniel C. Fields sold 15,600 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $3.75, for a total transaction of $58,500.00. Following the sale, the vice president now directly owns 423,037 shares in the company, valued at $1,586,388.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Fields sold 52,383 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $3.77, for a total transaction of $197,483.91. Following the sale, the vice president now owns 423,037 shares in the company, valued at $1,594,849.49. The disclosure for this sale can be found here. Corporate insiders own 31.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Whetstone Capital Advisors LLC bought a new position in shares of MobileIron in the second quarter worth about $959,000. Engineers Gate Manager LP lifted its holdings in shares of MobileIron by 55.3% in the second quarter. Engineers Gate Manager LP now owns 87,379 shares of the software maker’s stock worth $529,000 after acquiring an additional 31,120 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of MobileIron in the second quarter worth about $3,532,000. Unterberg Capital LLC lifted its holdings in shares of MobileIron by 18.0% in the second quarter. Unterberg Capital LLC now owns 820,000 shares of the software maker’s stock worth $4,961,000 after acquiring an additional 124,896 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of MobileIron by 143.7% in the second quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock worth $16,587,000 after acquiring an additional 1,616,600 shares during the last quarter. 54.86% of the stock is owned by hedge funds and other institutional investors.
MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.
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