Analysts Offer Predictions for Mobileiron Inc’s Q2 2018 Earnings (MOBL)

Mobileiron Inc (NASDAQ:MOBL) – Stock analysts at Imperial Capital issued their Q2 2018 earnings estimates for shares of Mobileiron in a research report issued on Monday. Imperial Capital analyst M. Kim anticipates that the software maker will earn ($0.12) per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $5.75 target price on the stock. Imperial Capital also issued estimates for Mobileiron’s Q3 2018 earnings at ($0.09) EPS.

Mobileiron (NASDAQ:MOBL) last issued its earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. The business had revenue of $48.83 million for the quarter, compared to analyst estimates of $46.47 million. Mobileiron had a negative net margin of 31.90% and a negative return on equity of 167.00%.

A number of other research analysts have also weighed in on MOBL. ValuEngine raised shares of Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. BidaskClub raised shares of Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Northland Securities set a $7.00 price objective on shares of Mobileiron and gave the company a “buy” rating in a research note on Friday, February 9th. Roth Capital began coverage on shares of Mobileiron in a research note on Wednesday, January 17th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, UBS Group lowered shares of Mobileiron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.35.

Mobileiron (MOBL) opened at $5.05 on Thursday. Mobileiron has a 12 month low of $3.20 and a 12 month high of $6.78.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Mobileiron during the fourth quarter valued at about $135,000. Jane Street Group LLC bought a new position in shares of Mobileiron during the third quarter valued at about $162,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Mobileiron during the third quarter valued at about $179,000. Cubist Systematic Strategies LLC bought a new position in shares of Mobileiron during the second quarter valued at about $185,000. Finally, Voya Investment Management LLC lifted its position in shares of Mobileiron by 16.0% during the second quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock valued at $189,000 after purchasing an additional 4,315 shares in the last quarter. 51.60% of the stock is currently owned by institutional investors.

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

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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.

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