Mimecast Ltd (NASDAQ:MIME) has been given an average recommendation of “Buy” by the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $55.93.
Several brokerages have weighed in on MIME. ValuEngine raised Mimecast from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Monness Crespi & Hardt increased their target price on Mimecast from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday. BidaskClub raised Mimecast from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $65.00 target price on shares of Mimecast in a research report on Friday, November 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $53.00 target price on shares of Mimecast in a research report on Friday, November 8th.
In other news, CEO Peter Bauer sold 15,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $44.52, for a total value of $667,800.00. Following the completion of the transaction, the chief executive officer now owns 140,000 shares of the company’s stock, valued at $6,232,800. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Neil Murray sold 35,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $42.96, for a total value of $1,503,600.00. Following the completion of the transaction, the director now directly owns 1,696,665 shares of the company’s stock, valued at approximately $72,888,728.40. The disclosure for this sale can be found here. In the last three months, insiders sold 120,000 shares of company stock valued at $5,036,850. Company insiders own 11.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in Mimecast during the first quarter valued at about $49,000. Advisor Group Inc. boosted its stake in Mimecast by 39.1% during the second quarter. Advisor Group Inc. now owns 1,349 shares of the technology company’s stock valued at $64,000 after buying an additional 379 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Mimecast during the third quarter valued at about $166,000. Virtu Financial LLC bought a new position in Mimecast during the third quarter valued at about $231,000. Finally, Alpine Global Management LLC bought a new position in Mimecast during the fourth quarter valued at about $233,000. 71.84% of the stock is owned by institutional investors.
NASDAQ MIME traded down $0.04 during trading hours on Friday, hitting $49.97. The company had a trading volume of 582,986 shares, compared to its average volume of 549,274. Mimecast has a fifty-two week low of $33.03 and a fifty-two week high of $54.57. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $44.89 and a 200-day simple moving average of $43.04. The firm has a market cap of $3.10 billion, a P/E ratio of -713.86, a price-to-earnings-growth ratio of 38.97 and a beta of 1.18.
Mimecast (NASDAQ:MIME) last issued its earnings results on Thursday, November 7th. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.11. Mimecast had a negative return on equity of 0.82% and a negative net margin of 1.67%. The firm had revenue of $103.36 million for the quarter, compared to analyst estimates of $101.63 million. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities analysts forecast that Mimecast will post 0.06 EPS for the current fiscal year.
Mimecast Company Profile
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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