Mimecast (NASDAQ:MIME) had its price target boosted by investment analysts at Jefferies Financial Group to $55.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 28.44% from the company’s current price.
MIME has been the subject of several other reports. ValuEngine raised shares of Mimecast from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. BMO Capital Markets lowered their price objective on shares of Mimecast from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. BidaskClub raised shares of Mimecast from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Monness Crespi & Hardt lowered their price objective on shares of Mimecast from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, November 9th. Finally, Wedbush initiated coverage on shares of Mimecast in a research note on Thursday, December 6th. They set a “neutral” rating and a $40.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $47.00.
Mimecast stock opened at $42.82 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -225.37 and a beta of 1.00. Mimecast has a twelve month low of $29.67 and a twelve month high of $46.87.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings data on Monday, February 11th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Mimecast had a negative net margin of 5.44% and a negative return on equity of 10.33%. On average, equities analysts anticipate that Mimecast will post -0.03 EPS for the current fiscal year.
In related news, CEO Peter Bauer sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $35.00, for a total transaction of $262,500.00. Following the transaction, the chief executive officer now owns 101,250 shares in the company, valued at $3,543,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Fitzgerald sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $35.83, for a total transaction of $71,660.00. Following the transaction, the director now owns 25,821 shares in the company, valued at approximately $925,166.43. The disclosure for this sale can be found here. Insiders have sold 252,409 shares of company stock worth $9,019,116 in the last quarter. 29.00% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in MIME. Oppenheimer Asset Management Inc. purchased a new stake in Mimecast in the fourth quarter worth about $72,000. DekaBank Deutsche Girozentrale grew its holdings in Mimecast by 131.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,661 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,511 shares during the period. Sei Investments Co. grew its holdings in Mimecast by 72.3% in the first quarter. Sei Investments Co. now owns 3,473 shares of the technology company’s stock worth $123,000 after purchasing an additional 1,457 shares during the period. Quantbot Technologies LP purchased a new stake in Mimecast in the second quarter worth about $104,000. Finally, Simplex Trading LLC purchased a new stake in Mimecast in the third quarter worth about $183,000. Institutional investors own 71.42% of the company’s stock.
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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