Mobileiron Inc (NASDAQ:MOBL) has received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $4.46.
MOBL has been the subject of several analyst reports. Zacks Investment Research lowered Mobileiron from a “buy” rating to a “hold” rating in a research report on Thursday, December 29th. Instinet reaffirmed a “buy” rating and set a $5.50 target price on shares of Mobileiron in a research report on Saturday, January 14th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $5.50 target price (up from $4.50) on shares of Mobileiron in a research report on Wednesday, February 8th.
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Mobileiron by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 913,500 shares of the software maker’s stock valued at $3,426,000 after buying an additional 122,800 shares in the last quarter. Amtrust Financial Services Inc. purchased a new stake in shares of Mobileiron during the fourth quarter valued at approximately $312,000. Kettle Hill Capital Management LLC purchased a new stake in shares of Mobileiron during the fourth quarter valued at approximately $782,000. Teza Capital Management LLC purchased a new stake in shares of Mobileiron during the fourth quarter valued at approximately $116,000. Finally, Oxford Asset Management purchased a new stake in shares of Mobileiron during the fourth quarter valued at approximately $634,000. Institutional investors own 48.27% of the company’s stock.
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Shares of Mobileiron (NASDAQ:MOBL) traded down 0.568% during trading on Tuesday, reaching $4.375. The company’s stock had a trading volume of 186,697 shares. Mobileiron has a 52-week low of $2.56 and a 52-week high of $5.00. The firm’s 50-day moving average is $4.38 and its 200 day moving average is $4.14. The company’s market cap is $326.59 million.
Mobileiron (NASDAQ:MOBL) last announced its earnings results on Tuesday, February 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The business earned $45.50 million during the quarter, compared to analyst estimates of $45.10 million. Mobileiron had a negative return on equity of 125.66% and a negative net margin of 40.98%. Mobileiron’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned ($0.07) EPS. On average, equities research analysts predict that Mobileiron will post ($0.19) EPS for the current fiscal year.
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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