MobileIron Inc. (MOBL) Given Consensus Recommendation of “Buy” by Analysts
MobileIron Inc. (NASDAQ:MOBL) has been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.63.
Several equities analysts have issued reports on the company. Imperial Capital reiterated an “outperform” rating and issued a $4.50 price objective on shares of MobileIron in a research report on Monday, July 25th. Wunderlich lifted their price objective on MobileIron from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Friday, October 28th. Zacks Investment Research upgraded MobileIron from a “hold” rating to a “strong-buy” rating and set a $4.25 price objective for the company in a research report on Thursday, November 3rd. Finally, Morgan Stanley cut their price objective on MobileIron from $7.00 to $2.75 and set an “equal weight” rating for the company in a research report on Monday, September 19th.
MobileIron (NASDAQ:MOBL) traded down 3.049% during trading on Wednesday, hitting $3.975. The company had a trading volume of 75,052 shares. The firm has a 50-day moving average of $3.48 and a 200 day moving average of $3.22. The company’s market capitalization is $296.73 million. MobileIron has a 12-month low of $2.56 and a 12-month high of $4.78.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. MobileIron had a negative return on equity of 124.35% and a negative net margin of 44.20%. The business had revenue of $41.60 million for the quarter, compared to analyst estimates of $41.52 million. During the same quarter in the previous year, the firm earned ($0.17) EPS. MobileIron’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that MobileIron will post ($0.39) earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Hillhouse Capital Management Ltd. bought a new stake in MobileIron during the third quarter worth approximately $2,787,000. Capital World Investors increased its stake in MobileIron by 25.3% in the third quarter. Capital World Investors now owns 3,044,353 shares of the company’s stock worth $8,372,000 after buying an additional 615,000 shares in the last quarter. General Motors Investment Management Corp bought a new stake in MobileIron during the second quarter worth approximately $826,000. Caisse DE Depot ET Placement DU Quebec increased its stake in MobileIron by 17.9% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,450,000 shares of the company’s stock worth $4,423,000 after buying an additional 219,858 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in MobileIron by 14.4% in the second quarter. BlackRock Fund Advisors now owns 1,211,225 shares of the company’s stock worth $3,694,000 after buying an additional 152,173 shares in the last quarter. Institutional investors and hedge funds own 50.35% of the company’s stock.
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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