MobileIron Inc. (MOBL) Receives Average Rating of “Hold” from Brokerages
Shares of MobileIron Inc. (NASDAQ:MOBL) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.72.
Several research analysts recently commented on the stock. Imperial Capital reiterated an “outperform” rating and issued a $4.50 target price on shares of MobileIron in a report on Monday, July 25th. Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $6.00 to $3.00 in a report on Friday, July 15th. Wunderlich downgraded shares of MobileIron from a “buy” rating to a “hold” rating and dropped their target price for the stock from $7.00 to $3.00 in a report on Tuesday, September 13th. Finally, Morgan Stanley dropped their target price on shares of MobileIron from $7.00 to $2.75 and set an “equal weight” rating on the stock in a report on Monday, September 19th.
Shares of MobileIron (NASDAQ:MOBL) traded down 5.41% during trading on Wednesday, hitting $3.50. 815,507 shares of the stock traded hands. The company’s market cap is $261.27 million. The firm has a 50 day moving average price of $2.88 and a 200-day moving average price of $3.35. MobileIron has a one year low of $2.56 and a one year high of $4.78.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. MobileIron had a negative net margin of 51.22% and a negative return on equity of 124.53%. The business earned $38.90 million during the quarter, compared to analyst estimates of $37.94 million. During the same quarter in the previous year, the business earned ($0.25) EPS. MobileIron’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that MobileIron will post ($0.43) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Teachers Advisors Inc. boosted its stake in MobileIron by 11.6% in the second quarter. Teachers Advisors Inc. now owns 63,475 shares of the company’s stock worth $194,000 after buying an additional 6,594 shares during the last quarter. California State Teachers Retirement System boosted its stake in MobileIron by 11.7% in the second quarter. California State Teachers Retirement System now owns 97,489 shares of the company’s stock worth $297,000 after buying an additional 10,203 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in MobileIron by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 199,575 shares of the company’s stock worth $608,000 after buying an additional 10,775 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in MobileIron by 8.1% in the second quarter. BlackRock Investment Management LLC now owns 170,726 shares of the company’s stock worth $521,000 after buying an additional 12,831 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in MobileIron by 11.8% in the first quarter. Geode Capital Management LLC now owns 275,636 shares of the company’s stock worth $1,245,000 after buying an additional 29,062 shares during the last quarter. 51.62% of the stock is currently owned by institutional investors and hedge funds.
MobileIron Company Profile
MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.
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