BidaskClub upgraded shares of Mimecast (NASDAQ:MIME) from a buy rating to a strong-buy rating in a research note released on Saturday.
A number of other research firms also recently issued reports on MIME. Barclays raised their price target on Mimecast from $34.00 to $36.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. BMO Capital Markets raised their price target on Mimecast from $35.00 to $38.00 and gave the stock an outperform rating in a research note on Tuesday, February 13th. Royal Bank of Canada restated a buy rating and set a $38.00 price target on shares of Mimecast in a research note on Tuesday, February 13th. Needham & Company LLC increased their price objective on Mimecast from $38.00 to $40.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. Finally, Jefferies Group reaffirmed a buy rating and set a $38.00 price objective on shares of Mimecast in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $36.00.
Mimecast (MIME) opened at $38.56 on Friday. The stock has a market capitalization of $2,210.00 and a P/E ratio of -257.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39. Mimecast has a 12 month low of $19.15 and a 12 month high of $39.33.
Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. lifted its holdings in shares of Mimecast by 13.2% in the 4th quarter. Macquarie Group Ltd. now owns 204,778 shares of the technology company’s stock valued at $5,871,000 after buying an additional 23,906 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Mimecast in the 4th quarter valued at approximately $2,417,000. Renaissance Technologies LLC lifted its holdings in shares of Mimecast by 14.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,109,900 shares of the technology company’s stock valued at $31,821,000 after buying an additional 142,500 shares during the period. Invictus RG lifted its holdings in shares of Mimecast by 377.1% in the 4th quarter. Invictus RG now owns 23,961 shares of the technology company’s stock valued at $687,000 after buying an additional 18,939 shares during the period. Finally, Next Century Growth Investors LLC lifted its holdings in shares of Mimecast by 59.6% in the 4th quarter. Next Century Growth Investors LLC now owns 185,450 shares of the technology company’s stock valued at $5,316,000 after buying an additional 69,260 shares during the period. 64.57% of the stock is owned by institutional investors.
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Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
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