MobileIron, Inc. (MOBL) Given a $5.00 Price Target at Northland Securities
MobileIron, Inc. (NASDAQ:MOBL) has been assigned a $5.00 target price by equities research analysts at Northland Securities in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the software maker’s stock. Northland Securities’ price target would indicate a potential upside of 40.85% from the company’s current price.
Other analysts have also issued reports about the company. BidaskClub lowered MobileIron from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Imperial Capital lowered MobileIron from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $5.50 to $4.00 in a report on Wednesday. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MobileIron in a report on Wednesday. UBS AG downgraded shares of MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Barclays PLC reissued a “sell” rating and set a $5.00 target price on shares of MobileIron in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. MobileIron has an average rating of “Hold” and a consensus target price of $5.08.
MobileIron (NASDAQ:MOBL) traded down 2.82% during midday trading on Wednesday, reaching $3.45. The company’s stock had a trading volume of 471,944 shares. The firm’s market capitalization is $257.54 million. MobileIron has a 12 month low of $3.20 and a 12 month high of $6.78. The stock’s 50-day moving average price is $3.78 and its 200-day moving average price is $4.77.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The business had revenue of $42.65 million during the quarter, compared to analyst estimates of $43.44 million. During the same period last year, the company earned ($0.14) earnings per share. MobileIron’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts predict that MobileIron will post ($0.19) EPS for the current year.
In other MobileIron news, VP Daniel C. Fields sold 52,383 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $3.77, for a total transaction of $197,483.91. Following the transaction, the vice president now directly owns 423,037 shares of the company’s stock, valued at $1,594,849.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Fields sold 15,600 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $3.75, for a total transaction of $58,500.00. Following the transaction, the vice president now directly owns 423,037 shares in the company, valued at $1,586,388.75. The disclosure for this sale can be found here. Corporate insiders own 31.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MOBL. Swiss National Bank grew its position in shares of MobileIron by 32.9% in the first quarter. Swiss National Bank now owns 56,500 shares of the software maker’s stock valued at $246,000 after purchasing an additional 14,000 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of MobileIron in the first quarter valued at about $136,000. JPMorgan Chase & Co. grew its position in shares of MobileIron by 320.7% in the first quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock valued at $139,000 after purchasing an additional 24,301 shares during the last quarter. American International Group Inc. grew its position 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 valued at $125,000 after purchasing an additional 1,904 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of MobileIron in the first quarter valued at about $546,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.
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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