MobileIron, Inc. (NASDAQ:MOBL) has been assigned a $5.00 target price by equities research analysts at Northland Securities in a note issued to investors on Wednesday, October 18th. The brokerage presently has a “buy” rating on the software maker’s stock. Northland Securities’ target price would suggest a potential upside of 40.85% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. ValuEngine cut MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub cut MobileIron from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, UBS AG cut MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. MobileIron has a consensus rating of “Hold” and a consensus price target of $5.08.
MobileIron (MOBL) traded up 1.43% during midday trading on Wednesday, hitting $3.55. 1,007,712 shares of the company’s stock traded hands. The company has a 50 day moving average of $3.75 and a 200-day moving average of $4.74. The company’s market capitalization is $265.00 million. MobileIron has a 52 week low of $3.20 and a 52 week high of $6.78.
MobileIron (NASDAQ:MOBL) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. The firm had revenue of $42.65 million for the quarter, compared to analysts’ expectations of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. MobileIron’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. Equities research analysts predict that MobileIron will post ($0.24) earnings per share for the current year.
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In other MobileIron news, VP Daniel C. Fields sold 52,383 shares of MobileIron 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 transaction, the vice president now owns 423,037 shares of the company’s stock, valued at approximately $1,594,849.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daniel C. Fields sold 15,600 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $3.75, for a total value of $58,500.00. Following the completion of the sale, the vice president now directly owns 423,037 shares of the company’s stock, valued at approximately $1,586,388.75. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in shares of MobileIron in the 2nd quarter valued at approximately $19,387,000. Vanguard Group Inc. grew its stake in shares of MobileIron by 13.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after buying an additional 340,924 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of MobileIron by 143.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after buying an additional 1,616,600 shares in the last quarter. FMR LLC grew its stake in shares of MobileIron by 973.7% in the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after buying an additional 1,222,000 shares in the last quarter. Finally, State Street Corp grew its stake in shares of MobileIron by 24.7% in the 2nd quarter. State Street Corp now owns 873,693 shares of the software maker’s stock valued at $5,285,000 after buying an additional 173,155 shares in the last quarter. 54.86% of the stock is owned by institutional investors and hedge funds.
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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