Mobileiron Given Consensus Rating of “Buy” by Brokerages (NASDAQ:MOBL)
Shares of Mobileiron (NASDAQ:MOBL) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, American Banking and Market News reports. Eight analysts have rated the stock with a buy recommendation, The average 12-month price target among brokerages that have covered the stock in the last year is $13.13.
Shares of Mobileiron (NASDAQ:MOBL) traded up 4.63% on Friday, hitting $9.27. 264,585 shares of the company’s stock traded hands. Mobileiron has a 52-week low of $7.64 and a 52-week high of $11.74. The stock has a 50-day moving average of $8.87 and a 200-day moving average of $9.22. The company’s market cap is $692.0 million.
Mobileiron (NASDAQ:MOBL) last announced its earnings results on Wednesday, July 30th. The company reported ($0.52) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.70) by $0.18. The company had revenue of $30.00 million for the quarter, compared to the consensus estimate of $26.84 million. The company’s quarterly revenue was up 56.3% on a year-over-year basis. On average, analysts predict that Mobileiron will post $-1.62 earnings per share for the current fiscal year.
A number of research firms have recently commented on MOBL. Analysts at Imperial Capital initiated coverage on shares of Mobileiron in a research note on Friday. They set an “outperform” rating and a $11.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Mobileiron from $13.00 to $14.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Raymond James initiated coverage on shares of Mobileiron in a research note on Monday, July 7th. They set an “outperform” rating and a $13.00 price target on the stock.
Mobileiron Inc, formerly Mobile Iron, Inc, provides security and management solutions for mobile applications, content, and devices.
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