Mobileiron Inc (NASDAQ:MOBL) has earned an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.35.
A number of equities research analysts have recently weighed in on the company. Imperial Capital raised Mobileiron from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $4.00 to $5.75 in a report on Monday, February 12th. 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. Northland Securities set a $7.00 price target on Mobileiron and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Roth Capital assumed coverage on Mobileiron in a report on Wednesday, January 17th. They set a “buy” rating and a $7.00 price target on the stock.
In related 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 transaction of $56,175.60. Following the sale, the vice president now owns 356,250 shares of the company’s stock, valued at $1,389,375. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 sale, the vice president now directly owns 344,765 shares in the company, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. 31.70% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Mobileiron during the fourth quarter worth approximately $135,000. Slow Capital Inc. bought a new stake in Mobileiron during the fourth quarter worth approximately $140,000. Jane Street Group LLC bought a new stake in Mobileiron during the third quarter worth approximately $162,000. Dynamic Technology Lab Private Ltd bought a new stake in Mobileiron during the third quarter worth approximately $179,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Mobileiron during the second quarter worth approximately $185,000. 48.74% of the stock is currently owned by hedge funds and other institutional investors.
Mobileiron (NASDAQ MOBL) traded down $0.10 on Wednesday, hitting $5.10. The stock had a trading volume of 717,400 shares, compared to its average volume of 519,118. Mobileiron has a 52 week low of $3.20 and a 52 week high of $6.78.
Mobileiron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.04. The company had revenue of $48.83 million for the quarter, compared to analysts’ expectations of $46.47 million. Mobileiron had a negative return on equity of 167.00% and a negative net margin of 31.90%. sell-side analysts forecast that Mobileiron will post -0.41 EPS for the current 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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