MobileIron, Inc. (MOBL) Receives Average Rating of “Hold” from Analysts
Shares of MobileIron, Inc. (NASDAQ:MOBL) have received a consensus rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.67.
A number of research analysts recently issued reports on the company. Northland Securities restated a “buy” rating and set a $7.00 price target on shares of MobileIron in a research note on Friday, July 14th. ValuEngine downgraded MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub downgraded MobileIron from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC restated a “sell” rating and set a $5.00 price target on shares of MobileIron in a research note on Wednesday, July 19th.
Shares of MobileIron (NASDAQ MOBL) remained flat at $3.95 during midday trading on Thursday. 260,654 shares of the company were exchanged. The firm has a 50-day moving average of $3.79 and a 200 day moving average of $4.79. The company’s market capitalization is $294.86 million. MobileIron has a 52-week low of $3.36 and a 52-week high of $6.78.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The firm had revenue of $42.65 million for the quarter, compared to the consensus estimate 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 business posted ($0.14) EPS. On average, analysts expect that MobileIron will post ($0.19) earnings per share for the current year.
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In other MobileIron news, VP Daniel C. Fields sold 52,383 shares of MobileIron stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.77, for a total value of $197,483.91. Following the transaction, the vice president now directly owns 423,037 shares in the company, valued at approximately $1,594,849.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Fields sold 15,600 shares of MobileIron stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $3.75, for a total value of $58,500.00. Following the completion of the transaction, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The disclosure for this sale can be found here. Company insiders own 31.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Whetstone Capital Advisors LLC purchased a new position in shares of MobileIron in the 2nd quarter valued at approximately $959,000. Engineers Gate Manager LP grew its stake in shares of MobileIron by 55.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,379 shares of the software maker’s stock valued at $529,000 after purchasing an additional 31,120 shares during the last quarter. Unterberg Capital LLC grew its stake in shares of MobileIron by 18.0% in the 2nd quarter. Unterberg Capital LLC now owns 820,000 shares of the software maker’s stock valued at $4,961,000 after purchasing an additional 124,896 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of MobileIron in the 1st quarter valued at approximately $136,000. Finally, ETF Managers Group LLC purchased a new position in shares of MobileIron in the 2nd quarter valued at approximately $19,387,000. Institutional investors own 54.87% of the company’s stock.
MobileIron Company Profile
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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