MobileIron, Inc. (NASDAQ:MOBL) has earned a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.30.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of MobileIron from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Northland Securities set a $5.00 price target on shares of MobileIron and gave the company a “buy” rating in a research report on Wednesday, October 18th. Imperial Capital lowered shares of MobileIron from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $5.50 to $4.00 in a research report on Wednesday, October 18th. UBS Group lowered shares of MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Finally, Raymond James Financial reissued a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th.
In other MobileIron news, VP Daniel C. Fields sold 17,890 shares of MobileIron stock in a transaction on Friday, November 24th. The shares were sold at an average price of $3.89, for a total transaction of $69,592.10. Following the sale, the vice president now owns 344,765 shares in the company, valued at $1,341,135.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Fields sold 14,404 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the sale, the vice president now owns 356,250 shares in the company, valued at approximately $1,389,375. The disclosure for this sale can be found here. 31.70% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY acquired a new stake in shares of MobileIron in the 1st quarter valued at $154,000. Prudential Financial Inc. boosted its stake in shares of MobileIron by 4.8% in the 2nd quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock valued at $158,000 after purchasing an additional 1,200 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of MobileIron in the 3rd quarter valued at $162,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MobileIron in the 3rd quarter valued at $179,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of MobileIron in the second quarter valued at about $185,000. Institutional investors own 51.15% of the company’s stock.
Shares of MobileIron (NASDAQ MOBL) traded down $0.05 on Tuesday, reaching $3.90. 257,654 shares of the company traded hands, compared to its average volume of 631,278. The company has a market capitalization of $377.02, a price-to-earnings ratio of -6.09 and a beta of 2.64. 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 data on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 million. During the same period in the previous year, the business posted ($0.07) EPS. MobileIron’s revenue was up 2.8% compared to the same quarter last year. analysts anticipate that MobileIron will post -0.61 earnings per share for the current fiscal year.
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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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