Oppenheimer reissued their buy rating on shares of Mimecast (NASDAQ:MIME) in a research report released on Monday, December 18th. Oppenheimer currently has a $35.00 price target on the technology company’s stock.
MIME has been the subject of a number of other reports. Royal Bank of Canada restated an outperform rating and issued a $37.00 target price (up from $33.00) on shares of Mimecast in a research note on Thursday, November 9th. BidaskClub downgraded Mimecast from a hold rating to a sell rating in a research note on Friday, December 15th. JPMorgan Chase & Co. downgraded Mimecast from an overweight rating to a neutral rating and set a $35.00 target price for the company. in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Mimecast from a hold rating to a sell rating in a research note on Tuesday, November 14th. Finally, Jefferies Group reiterated a buy rating and set a $38.00 price objective on shares of Mimecast in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $33.77.
Shares of Mimecast (NASDAQ MIME) traded up $0.58 during trading on Monday, reaching $32.75. The company had a trading volume of 251,671 shares, compared to its average volume of 329,434. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $1,850.00 and a price-to-earnings ratio of -192.65. Mimecast has a 1 year low of $19.12 and a 1 year high of $33.05.
Several hedge funds and other institutional investors have recently bought and sold shares of MIME. Quantbot Technologies LP bought a new position in shares of Mimecast in the second quarter valued at $104,000. Invictus RG acquired a new stake in Mimecast during the 3rd quarter valued at $143,000. US Bancorp DE raised its stake in Mimecast by 11.9% during the 2nd quarter. US Bancorp DE now owns 7,155 shares of the technology company’s stock valued at $192,000 after purchasing an additional 759 shares during the period. Bronfman E.L. Rothschild L.P. acquired a new stake in Mimecast during the 3rd quarter valued at $200,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Mimecast during the 2nd quarter valued at $290,000. 58.66% of the stock is currently owned by institutional investors.
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Mimecast Company Profile
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
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