MobileIron, Inc. (MOBL) Given Average Rating of “Hold” by Brokerages
MobileIron, Inc. (NASDAQ:MOBL) has been given an average rating of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.25.
Several equities research analysts have issued reports on MOBL shares. Benchmark Co. started coverage on MobileIron in a research note on Tuesday, April 25th. They set a “buy” rating and a $7.00 target price for the company. ValuEngine raised MobileIron from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Northland Securities reaffirmed a “buy” rating and issued a $7.00 price objective on shares of MobileIron in a research note on Friday, July 14th. Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price objective on shares of MobileIron in a research note on Wednesday, July 19th. Finally, BidaskClub cut MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th.
In other MobileIron news, Director Robert B. Tinker sold 30,000 shares of MobileIron stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $5.39, for a total value of $161,700.00. Following the transaction, the director now owns 67,126 shares in the company, valued at $361,809.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Laurel Finch sold 4,676 shares of MobileIron stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $6.33, for a total transaction of $29,599.08. Following the completion of the transaction, the vice president now owns 287,236 shares in the company, valued at approximately $1,818,203.88. The disclosure for this sale can be found here. Insiders have sold a total of 47,014 shares of company stock worth $266,388 in the last quarter. 31.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of MobileIron by 0.5% in the first quarter. Bank of America Corp DE now owns 62,960 shares of the software maker’s stock worth $274,000 after buying an additional 311 shares during the period. Prudential Financial Inc. raised its stake in shares of MobileIron by 4.8% in the second quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock worth $158,000 after buying an additional 1,200 shares during the period. American International Group Inc. raised its stake in shares of MobileIron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after buying an additional 1,904 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of MobileIron by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 68,375 shares of the software maker’s stock worth $297,000 after buying an additional 2,533 shares during the period. Finally, California State Teachers Retirement System raised its stake in MobileIron by 4.0% in the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock valued at $588,000 after buying an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 49.92% of the company’s stock.
Shares of MobileIron (MOBL) traded up 1.30% on Wednesday, reaching $3.90. 596,922 shares of the company’s stock were exchanged. MobileIron has a one year low of $2.56 and a one year high of $6.78. The company has a 50 day moving average price of $5.07 and a 200 day moving average price of $4.99. The firm’s market cap is $291.13 million.
MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. The company had revenue of $42.65 million during the quarter, compared to analysts’ expectations of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. Analysts expect that MobileIron will post ($0.19) EPS for the current fiscal year.
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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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