MobileIron (MOBL) Now Covered by Analysts at Roth Capital

Roth Capital assumed coverage on shares of MobileIron (NASDAQ:MOBL) in a research report sent to investors on Wednesday morning. The firm issued a buy rating and a $7.00 price target on the software maker’s stock.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded MobileIron from a hold rating to a sell rating in a research report on Tuesday, October 24th. Raymond James Financial reaffirmed a market perform rating on shares of MobileIron in a research note on Wednesday, October 18th. Imperial Capital cut MobileIron from an outperform rating to an in-line rating and dropped their price objective for the company from $5.50 to $4.00 in a research note on Wednesday, October 18th. UBS Group cut MobileIron from an outperform rating to a market perform rating in a research note on Wednesday, October 18th. Finally, Northland Securities set a $5.00 price objective on MobileIron and gave the company a buy rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $5.60.

MobileIron (MOBL) traded down $0.03 during trading hours on Wednesday, reaching $4.10. The company’s stock had a trading volume of 456,046 shares, compared to its average volume of 282,675. MobileIron has a 12 month low of $3.20 and a 12 month high of $6.78. The stock has a market capitalization of $393.83, a P/E ratio of -6.41 and a beta of 2.64.

MobileIron (NASDAQ:MOBL) last posted its earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business had revenue of $42.72 million during the quarter, compared to analysts’ expectations of $42.69 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. MobileIron’s revenue for the quarter was up 2.8% compared to the same quarter last year. research analysts anticipate that MobileIron will post -0.62 earnings per share for the current fiscal year.

In other news, VP Daniel C. Fields sold 14,404 shares of MobileIron stock in a transaction on 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 sale, the vice president now directly owns 356,250 shares of the company’s stock, valued at $1,389,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Fields sold 17,890 shares of MobileIron stock in a transaction on Friday, November 24th. The shares were sold at an average price of $3.89, for a total value of $69,592.10. Following the completion of the sale, the vice president now directly owns 344,765 shares of the company’s stock, valued at $1,341,135.85. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in MobileIron during the 3rd quarter worth $162,000. Whetstone Capital Advisors LLC grew its stake in MobileIron by 383.5% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock worth $3,793,000 after purchasing an additional 813,135 shares in the last quarter. Allianz Asset Management GmbH grew its stake in MobileIron by 23.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 475,329 shares of the software maker’s stock worth $1,759,000 after purchasing an additional 90,907 shares in the last quarter. OxFORD Asset Management LLP grew its stake in MobileIron by 80.7% during the 3rd quarter. OxFORD Asset Management LLP now owns 145,853 shares of the software maker’s stock worth $540,000 after purchasing an additional 65,138 shares in the last quarter. Finally, Formula Growth Ltd. grew its stake in MobileIron by 100.0% during the 3rd quarter. Formula Growth Ltd. now owns 650,000 shares of the software maker’s stock worth $2,405,000 after purchasing an additional 325,000 shares in the last quarter. 51.15% of the stock is owned by hedge funds and other institutional investors.

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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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