Shares of MobileIron Inc. (NASDAQ:MOBL) fell 1.2% on Wednesday . The stock traded as low as $2.56 and last traded at $2.57, with a volume of 471,609 shares changing hands. The stock had previously closed at $2.60.

Several research firms recently weighed in on MOBL. Imperial Capital restated an “outperform” rating and set a $4.50 price target on shares of MobileIron in a report on Monday, July 25th. Barclays PLC lowered MobileIron from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $6.00 to $3.00 in a research note on Friday, July 15th. Raymond James Financial Inc. reiterated a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. Wunderlich lowered MobileIron from a “buy” rating to a “hold” rating and reduced their target price for the stock from $7.00 to $3.00 in a research note on Tuesday, September 13th. Finally, Morgan Stanley reduced their target price on MobileIron from $7.00 to $2.75 and set an “equal weight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. MobileIron presently has an average rating of “Hold” and an average target price of $4.83.

The firm’s market cap is $192.22 million. The firm has a 50 day moving average price of $3.06 and a 200-day moving average price of $3.48.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/mobileiron-inc-mobl-shares-down-1-2.html

MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. MobileIron had a negative return on equity of 124.53% and a negative net margin of 51.22%. The company had revenue of $38.90 million for the quarter, compared to the consensus estimate of $37.94 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that MobileIron Inc. will post ($0.44) EPS for the current year.

A number of large investors have recently bought and sold shares of MOBL. Emerald Acquisition Ltd. acquired a new stake in MobileIron during the second quarter worth approximately $107,000. A.R.T. Advisors LLC acquired a new stake in MobileIron during the second quarter worth approximately $111,000. Teachers Advisors Inc. increased its stake in MobileIron by 11.6% in the second quarter. Teachers Advisors Inc. now owns 63,475 shares of the company’s stock worth $194,000 after buying an additional 6,594 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in MobileIron during the first quarter worth approximately $238,000. Finally, California State Teachers Retirement System increased its stake in MobileIron by 11.7% in the second quarter. California State Teachers Retirement System now owns 97,489 shares of the company’s stock worth $297,000 after buying an additional 10,203 shares in the last quarter. Institutional investors own 51.62% of the company’s stock.

MobileIron Company Profile

MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.

5 Day Chart for NASDAQ:MOBL

Receive News & Ratings for MobileIron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MobileIron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.