Mobileiron (MOBL) Lifted to Outperform at Imperial Capital

Mobileiron (NASDAQ:MOBL) was upgraded by Imperial Capital from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage presently has a $5.75 price target on the software maker’s stock, up from their previous price target of $4.00. Imperial Capital’s target price would indicate a potential upside of 19.79% from the stock’s previous close.

A number of other equities analysts have also weighed in on MOBL. ValuEngine upgraded shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Northland Securities set a $7.00 price objective on shares of Mobileiron and gave the stock a “buy” rating in a report on Friday. Roth Capital assumed coverage on shares of Mobileiron in a report on Wednesday, January 17th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, UBS Group lowered shares of Mobileiron from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Mobileiron presently has a consensus rating of “Hold” and a consensus target price of $6.35.

Shares of Mobileiron (NASDAQ:MOBL) traded up $0.80 during midday trading on Monday, reaching $4.80. 1,964,300 shares of the company were exchanged, compared to its average volume of 467,878. Mobileiron has a 52 week low of $3.20 and a 52 week high of $6.78. The stock has a market cap of $461.07, a price-to-earnings ratio of -8.00 and a beta of 2.69.

In other Mobileiron news, VP Daniel C. Fields sold 14,404 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were 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 directly owns 356,250 shares in the company, valued at approximately $1,389,375. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Daniel C. Fields sold 17,890 shares of the business’s stock in a transaction on 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 owns 344,765 shares of the company’s stock, valued at $1,341,135.85. The disclosure for this sale can be found here. 31.70% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Mobileiron by 357.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 312,600 shares of the software maker’s stock valued at $1,891,000 after acquiring an additional 244,225 shares during the period. Cowen Prime Services LLC bought a new stake in shares of Mobileiron during the 4th quarter valued at $2,511,000. Vanguard Group Inc. grew its position in shares of Mobileiron by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after acquiring an additional 340,924 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Mobileiron during the 2nd quarter valued at $3,532,000. Finally, Formula Growth Ltd. boosted its holdings in Mobileiron by 100.0% in the 3rd quarter. Formula Growth Ltd. now owns 650,000 shares of the software maker’s stock worth $2,405,000 after buying an additional 325,000 shares during the period. 51.60% of the stock is owned by hedge funds and other institutional investors.

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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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