Mobileiron (MOBL) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Mobileiron (NASDAQ:MOBL) from a hold rating to a sell rating in a research note published on Wednesday, January 31st.

According to Zacks, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California. “

A number of other research firms have also weighed in on MOBL. Roth Capital started coverage on shares of Mobileiron in a report on Wednesday, January 17th. They issued a buy rating and a $7.00 target price for the company. Northland Securities set a $5.00 price objective on shares of Mobileiron and gave the stock a buy rating in a research note on Wednesday, October 18th. UBS Group lowered shares of Mobileiron from an outperform rating to a market perform rating in a research note on Wednesday, October 18th. Imperial Capital lowered shares of Mobileiron from an outperform rating to an in-line rating and dropped their price objective for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. Finally, Raymond James Financial reiterated a market perform rating on shares of Mobileiron in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $6.35.

Mobileiron (NASDAQ MOBL) opened at $5.05 on Wednesday. Mobileiron has a one year low of $3.20 and a one year high of $6.78. The firm has a market cap of $485.09, a P/E ratio of -8.42 and a beta of 2.69.

Mobileiron (NASDAQ:MOBL) last released its earnings results on Thursday, February 8th. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Mobileiron had a negative net margin of 31.90% and a negative return on equity of 167.00%. The company had revenue of $48.83 million for the quarter, compared to analysts’ expectations of $46.47 million. equities analysts expect that Mobileiron will post -0.45 earnings per share for the current year.

In other news, VP Daniel C. Fields sold 14,404 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total transaction of $56,175.60. Following the sale, the vice president now owns 356,250 shares in the company, valued at $1,389,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Fields sold 17,890 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $3.89, for a total value of $69,592.10. Following the sale, the vice president now owns 344,765 shares in the company, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. lifted its holdings in Mobileiron by 4.8% in the second quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock valued at $158,000 after acquiring an additional 1,200 shares during the period. California State Teachers Retirement System lifted its holdings in Mobileiron by 4.0% in the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock valued at $588,000 after acquiring an additional 3,700 shares during the period. Voya Investment Management LLC lifted its holdings in Mobileiron by 16.0% in the second quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock valued at $189,000 after acquiring an additional 4,315 shares during the period. New York State Common Retirement Fund raised its stake in shares of Mobileiron by 20.0% during the 2nd quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock worth $258,000 after buying an additional 7,099 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Mobileiron by 19.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,260 shares of the software maker’s stock worth $279,000 after buying an additional 7,690 shares during the period. Hedge funds and other institutional investors own 51.60% of the company’s stock.

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Mobileiron Company Profile

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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