Brokerages Expect Mobileiron Inc (MOBL) to Post -$0.03 Earnings Per Share

Equities analysts predict that Mobileiron Inc (NASDAQ:MOBL) will announce earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Mobileiron’s earnings, with estimates ranging from ($0.04) to ($0.03). Mobileiron also reported earnings of ($0.03) per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Mobileiron will report full year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.27) to ($0.24). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.17) to ($0.07). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mobileiron.

A number of research firms have recently weighed in on MOBL. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut Mobileiron from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Roth Capital began coverage on Mobileiron in a report on Wednesday, January 17th. They set a “buy” rating and a $7.00 price target on the stock. Imperial Capital cut Mobileiron from an “outperform” rating to an “in-line” rating and cut their price target for the company from $5.50 to $4.00 in a report on Wednesday, October 18th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Mobileiron in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.60.

In other news, VP Daniel C. Fields sold 14,404 shares of Mobileiron 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 sale, the vice president now owns 356,250 shares of the company’s stock, valued at $1,389,375. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Daniel C. Fields sold 17,890 shares of Mobileiron 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 directly owns 344,765 shares in the company, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MOBL. Renaissance Technologies LLC increased its stake in shares of Mobileiron by 143.7% during the second quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after acquiring an additional 1,616,600 shares during the period. FMR LLC increased its stake in shares of Mobileiron by 973.7% during the second quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after acquiring an additional 1,222,000 shares during the period. Whetstone Capital Advisors LLC increased its stake in shares of Mobileiron by 383.5% during the third quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock valued at $3,793,000 after acquiring an additional 813,135 shares during the period. Cowen Prime Services LLC acquired a new position in shares of Mobileiron during the fourth quarter valued at approximately $2,511,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mobileiron during the second quarter valued at approximately $3,532,000. Institutional investors and hedge funds own 51.76% of the company’s stock.

Shares of Mobileiron (MOBL) traded down $0.10 during midday trading on Tuesday, reaching $4.10. 252,665 shares of the company’s stock were exchanged, compared to its average volume of 401,069. Mobileiron has a 1 year low of $3.20 and a 1 year high of $6.78. The company has a market capitalization of $422.65, a PE ratio of -6.36 and a beta of 2.69.

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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.

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