Shares of MobileIron (NASDAQ:MOBL) have been given an average rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.35.
MOBL has been the subject of several recent research reports. BidaskClub raised MobileIron from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Roth Capital started coverage on shares of MobileIron in a research report on Wednesday, January 17th. They set a “buy” rating and a $7.00 target price for the company. Northland Securities set a $7.00 target price on shares of MobileIron and gave the company a “buy” rating in a research report on Friday, February 9th. ValuEngine raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th.
MobileIron stock opened at $4.85 on Thursday. MobileIron has a 1 year low of $3.20 and a 1 year high of $6.78.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. MobileIron had a negative return on equity of 181.27% and a negative net margin of 31.90%. The company had revenue of $48.83 million during the quarter, compared to the consensus estimate of $46.47 million. analysts anticipate that MobileIron will post -0.41 EPS for the current fiscal year.
In other MobileIron news, Director Aaref Hilaly sold 10,269 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $4.81, for a total transaction of $49,393.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Fields sold 17,847 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $4.91, for a total transaction of $87,628.77. Following the sale, the vice president now directly owns 365,786 shares of the company’s stock, valued at approximately $1,796,009.26. The disclosure for this sale can be found here. Insiders have sold a total of 154,761 shares of company stock valued at $776,446 in the last three months. Insiders own 31.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Slow Capital Inc. bought a new position in shares of MobileIron during the 4th quarter worth approximately $140,000. Greenhouse Funds LLLP boosted its holdings in shares of MobileIron by 30.8% during the 4th quarter. Greenhouse Funds LLLP now owns 2,660,285 shares of the software maker’s stock worth $10,375,000 after buying an additional 626,516 shares in the last quarter. Engine Capital Management LLC bought a new position in shares of MobileIron during the 4th quarter worth approximately $395,000. TIAA CREF Investment Management LLC boosted its holdings in shares of MobileIron by 19.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 403,002 shares of the software maker’s stock worth $1,572,000 after buying an additional 66,889 shares in the last quarter. Finally, North Run Capital LP bought a new position in shares of MobileIron during the 4th quarter worth approximately $2,764,000. Hedge funds and other institutional investors own 46.24% of the company’s stock.
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MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.
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