Mobileiron Inc (MOBL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mobileiron Inc (NASDAQ:MOBL) have been given an average rating of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.35.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine raised Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Imperial Capital raised Mobileiron from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $4.00 to $5.75 in a research note on Monday. Zacks Investment Research lowered Mobileiron from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, Northland Securities set a $7.00 price objective on Mobileiron and gave the stock a “buy” rating in a research note on Friday, February 9th.

Mobileiron (NASDAQ:MOBL) traded down $0.05 during trading hours on Wednesday, reaching $4.75. The company’s stock had a trading volume of 701,700 shares, compared to its average volume of 477,836. Mobileiron has a twelve month low of $3.20 and a twelve month high of $6.78. The company has a market capitalization of $461.07, a price-to-earnings ratio of -8.21 and a beta of 2.69.

Mobileiron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. Mobileiron had a negative return on equity of 167.00% and a negative net margin of 31.90%. The business had revenue of $48.83 million during the quarter, compared to analyst estimates of $46.47 million. research analysts forecast that Mobileiron will post -0.45 EPS for the current year.

In other news, VP Daniel C. Fields sold 14,404 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total value of $56,175.60. Following the completion of the transaction, 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 hyperlink. Also, VP Daniel C. Fields sold 17,890 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $3.89, for a total value of $69,592.10. Following the completion of the transaction, the vice president now directly 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. Corporate insiders own 31.70% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Mobileiron by 13.0% in 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. BlackRock Inc. lifted its position in shares of Mobileiron by 1.6% in the fourth quarter. BlackRock Inc. now owns 2,893,466 shares of the software maker’s stock worth $11,284,000 after buying an additional 46,183 shares in the last quarter. FMR LLC lifted its position in shares of Mobileiron by 973.7% in 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. Whetstone Capital Advisors LLC lifted its position in shares of Mobileiron by 383.5% in 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. Finally, State Street Corp lifted its position in shares of Mobileiron by 24.7% in the second quarter. State Street Corp now owns 873,693 shares of the software maker’s stock worth $5,285,000 after buying an additional 173,155 shares in the last quarter. Institutional investors own 51.60% 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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