MobileIron, Inc. (MOBL) Receives Average Recommendation of “Hold” from Analysts

Shares of MobileIron, Inc. (NASDAQ:MOBL) have received a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.60.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of MobileIron from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Northland Securities set a $5.00 price target on shares of MobileIron and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Imperial Capital lowered shares of MobileIron from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $5.50 to $4.00 in a research report on Wednesday, October 18th. UBS Group lowered shares of MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th.

MobileIron (NASDAQ:MOBL) traded down $0.03 during trading hours on Friday, reaching $4.10. 456,046 shares of the company were exchanged, compared to its average volume of 282,675. MobileIron has a 1-year low of $3.20 and a 1-year high of $6.78. The company has a market capitalization of $396.23, a price-to-earnings ratio of -6.41 and a beta of 2.64.

MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The business had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 million. During the same period in the prior year, the business posted ($0.07) earnings per share. MobileIron’s revenue was up 2.8% compared to the same quarter last year. analysts anticipate that MobileIron will post -0.61 EPS for the current fiscal year.

In other MobileIron news, VP Daniel C. Fields sold 17,890 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $3.89, for a total transaction of $69,592.10. Following the sale, the vice president now directly owns 344,765 shares in the company, valued at $1,341,135.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Fields sold 14,404 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total transaction of $56,175.60. Following the sale, the vice president now owns 356,250 shares in the company, valued at $1,389,375. 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 made changes to their positions in the business. ETF Managers Group LLC acquired a new stake in MobileIron during the second quarter worth about $19,387,000. Vanguard Group Inc. grew its stake in MobileIron by 13.0% during the second quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock worth $17,960,000 after buying an additional 340,924 shares in the last quarter. Renaissance Technologies LLC grew its stake in MobileIron by 143.7% during the second quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock worth $16,587,000 after buying an additional 1,616,600 shares in the last quarter. FMR LLC grew its stake in MobileIron by 973.7% during the second quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock worth $8,152,000 after buying an additional 1,222,000 shares in the last quarter. Finally, Whetstone Capital Advisors LLC grew its stake in MobileIron by 383.5% during the third quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock worth $3,793,000 after buying an additional 813,135 shares in the last quarter. Hedge funds and other institutional investors own 51.15% of the company’s stock.

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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.

Analyst Recommendations for MobileIron (NASDAQ:MOBL)

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