Jamf (NASDAQ:JAMF) Sees Large Volume Increase – What’s Next?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) saw an uptick in trading volume on Thursday . 6,295,104 shares were traded during trading, an increase of 254% from the previous session’s volume of 1,779,448 shares.The stock last traded at $13.0550 and had previously closed at $12.99.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup lowered Jamf from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, December 3rd. Morgan Stanley boosted their target price on Jamf from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. Citizens Jmp cut shares of Jamf from a “market outperform” rating to a “hold” rating in a research report on Wednesday, December 3rd. Needham & Company LLC lowered shares of Jamf from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research note on Wednesday, October 29th. Finally, William Blair cut Jamf from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th.

Jamf Stock Performance

The company’s fifty day moving average price is $12.99 and its two-hundred day moving average price is $11.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $1.75 billion, a PE ratio of -40.80, a price-to-earnings-growth ratio of 1.79 and a beta of 0.47.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $183.49 million for the quarter, compared to the consensus estimate of $177.15 million. Jamf had a negative net margin of 5.98% and a positive return on equity of 4.43%. Jamf’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, equities analysts expect that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Institutional Trading of Jamf

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Jamf during the third quarter valued at about $57,000. Bayforest Capital Ltd bought a new stake in shares of Jamf during the 4th quarter worth about $80,000. Covestor Ltd raised its position in shares of Jamf by 775.1% during the 3rd quarter. Covestor Ltd now owns 7,465 shares of the company’s stock worth $79,000 after buying an additional 6,612 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Jamf by 210.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company’s stock worth $74,000 after acquiring an additional 5,311 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of Jamf in the second quarter valued at approximately $97,000. Institutional investors own 93.81% of the company’s stock.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.