Mobileiron (MOBL) Stock Rating Lowered by BidaskClub

Mobileiron (NASDAQ:MOBL) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other research firms have also issued reports on MOBL. Roth Capital began coverage on Mobileiron in a research note on Wednesday, January 17th. They issued a “buy” rating and a $7.00 target price for the company. Zacks Investment Research upgraded Mobileiron from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Imperial Capital lowered Mobileiron from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $5.50 to $4.00 in a research note on Wednesday, October 18th. Raymond James Financial reiterated a “market perform” rating on shares of Mobileiron in a research note on Wednesday, October 18th. Finally, UBS Group lowered Mobileiron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.60.

Shares of Mobileiron (NASDAQ MOBL) opened at $4.20 on Thursday. Mobileiron has a 12 month low of $3.20 and a 12 month high of $6.78. The company has a market capitalization of $418.38, a PE ratio of -6.56 and a beta of 2.64.

Mobileiron (NASDAQ:MOBL) last posted its earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Mobileiron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The company had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. During the same quarter last year, the business posted ($0.07) EPS. Mobileiron’s quarterly revenue was up 2.8% compared to the same quarter last year. research analysts forecast that Mobileiron will post -0.62 EPS for the current fiscal year.

In other Mobileiron news, VP Daniel C. Fields sold 14,404 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the sale, the vice president now owns 356,250 shares in the company, valued at approximately $1,389,375. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Daniel C. Fields sold 17,890 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $3.89, for a total value of $69,592.10. Following the sale, the vice president now owns 344,765 shares of the company’s stock, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. 31.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MOBL. ETF Managers Group LLC acquired a new stake in Mobileiron during the 2nd quarter valued at approximately $19,387,000. Renaissance Technologies LLC grew its stake in Mobileiron by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after purchasing an additional 1,616,600 shares in the last quarter. FMR LLC grew its stake in Mobileiron by 973.7% during the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after purchasing an additional 1,222,000 shares in the last quarter. Whetstone Capital Advisors LLC grew its stake in Mobileiron by 383.5% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock valued at $3,793,000 after purchasing an additional 813,135 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Mobileiron during the 2nd quarter valued at approximately $3,532,000. Hedge funds and other institutional investors own 51.15% of the company’s stock.

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About Mobileiron

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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