MobileIron Inc. (MOBL) Rating Reiterated by Northland Securities
MobileIron Inc. (NASDAQ:MOBL)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Northland Securities in a research report issued on Sunday. They presently have a $6.00 price objective on the stock. Northland Securities’ price target points to a potential upside of 36.36% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Morgan Stanley lowered 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. Wunderlich upped their target price on shares of MobileIron from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, October 28th. Imperial Capital restated an “outperform” rating and issued a $4.50 target price on shares of MobileIron in a report on Tuesday, September 6th. Finally, Zacks Investment Research upgraded shares of MobileIron from a “hold” rating to a “strong-buy” rating and set a $4.25 target price on the stock in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $4.78.
MobileIron (NASDAQ:MOBL) traded up 2.33% during trading on Friday, reaching $4.40. The company had a trading volume of 425,948 shares. The company has a 50-day moving average price of $3.58 and a 200 day moving average price of $3.23. MobileIron has a one year low of $2.56 and a one year high of $4.78. The company’s market capitalization is $328.45 million.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The company had revenue of $41.60 million for the quarter, compared to analysts’ expectations of $41.52 million. MobileIron had a negative net margin of 44.20% and a negative return on equity of 124.35%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) EPS. Analysts expect that MobileIron will post ($0.39) earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new position in MobileIron during the first quarter worth $238,000. Kornitzer Capital Management Inc. KS increased its position in MobileIron by 53.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 168,600 shares of the company’s stock worth $514,000 after buying an additional 58,600 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 in the last quarter. California State Teachers Retirement System increased its position 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 in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in MobileIron during the second quarter worth $107,000. 50.35% of the stock is owned by hedge funds and other institutional investors.
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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