Mobileiron (MOBL) Upgraded at Imperial Capital

Imperial Capital upgraded shares of Mobileiron (NASDAQ:MOBL) from an in-line rating to an outperform rating in a report released on Monday morning, MarketBeat.com reports. The firm currently has $5.75 price target on the software maker’s stock, up from their prior price target of $4.00. Imperial Capital also issued estimates for Mobileiron’s Q2 2018 earnings at ($0.12) EPS and Q3 2018 earnings at ($0.09) EPS.

Other equities research analysts have also issued reports about the company. Roth Capital initiated coverage on Mobileiron in a research note on Wednesday, January 17th. They issued a buy rating and a $7.00 price objective on the stock. Northland Securities set a $7.00 target price on Mobileiron and gave the stock a buy rating in a report on Friday, February 9th. ValuEngine raised Mobileiron from a sell rating to a hold rating in a report on Friday, February 9th. BidaskClub raised Mobileiron from a sell rating to a hold rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised Mobileiron from a sell rating to a hold rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Mobileiron presently has a consensus rating of Hold and an average price target of $6.35.

Shares of Mobileiron (NASDAQ:MOBL) opened at $5.20 on Monday. Mobileiron has a 12 month low of $3.20 and a 12 month high of $6.78. The firm has a market capitalization of $485.09, a P/E ratio of -8.67 and a beta of 2.69.

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

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. boosted its holdings 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 worth $158,000 after acquiring an additional 1,200 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Mobileiron by 4.0% during the 2nd quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock worth $588,000 after buying an additional 3,700 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Mobileiron by 16.0% during the 2nd quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock worth $189,000 after buying an additional 4,315 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in 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 in the last quarter. 51.60% of the stock is currently owned by institutional investors and hedge funds.

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About Mobileiron

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.

Analyst Recommendations for Mobileiron (NASDAQ:MOBL)

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