Shares of MobileIron, Inc. (NASDAQ:MOBL) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.30.
MOBL has been the topic of a number of research analyst reports. Northland Securities set a $5.00 price objective on shares of MobileIron and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub downgraded shares of MobileIron from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Imperial Capital downgraded shares of MobileIron from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $5.50 to $4.00 in a report on Wednesday, October 18th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of MobileIron in a report on Wednesday, October 18th. Finally, UBS AG downgraded shares of MobileIron from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th.
MobileIron (NASDAQ:MOBL) traded down $0.03 during midday trading on Monday, reaching $4.02. 355,766 shares of the company’s stock were exchanged, compared to its average volume of 895,527. MobileIron has a one year low of $3.20 and a one year high of $6.78.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 149.15%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. equities research analysts anticipate that MobileIron will post -0.62 EPS for the current year.
In other news, VP Daniel C. Fields sold 52,383 shares of MobileIron stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $3.77, for a total value of $197,483.91. Following the transaction, the vice president now owns 423,037 shares of the company’s stock, valued at approximately $1,594,849.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Fields sold 15,600 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $3.75, for a total transaction of $58,500.00. Following the completion of the transaction, the vice president now owns 423,037 shares of the company’s stock, valued at $1,586,388.75. The disclosure for this sale can be found here. Corporate insiders own 31.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. IndexIQ Advisors LLC boosted its holdings in shares of MobileIron by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 199,247 shares of the software maker’s stock worth $737,000 after purchasing an additional 90,402 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in MobileIron by 9.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 640,803 shares of the software maker’s stock valued at $2,371,000 after acquiring an additional 57,069 shares in the last quarter. Strs Ohio raised its position in shares of MobileIron by 70.7% in the third quarter. Strs Ohio now owns 176,000 shares of the software maker’s stock valued at $651,000 after purchasing an additional 72,900 shares during the period. California State Teachers Retirement System raised its position in shares of MobileIron by 4.0% in the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock valued at $588,000 after purchasing an additional 3,700 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of MobileIron by 19.9% in the second quarter. The Manufacturers Life Insurance Company now owns 46,260 shares of the software maker’s stock valued at $279,000 after purchasing an additional 7,690 shares during the period. Institutional investors and hedge funds own 54.98% of the company’s stock.
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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