Shares of MobileIron, Inc. (NASDAQ:MOBL) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.25.

A number of research firms have issued reports on MOBL. Northland Securities restated a “buy” rating and issued a $7.00 target price on shares of MobileIron in a report on Friday, July 14th. ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of MobileIron from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC restated a “sell” rating and issued a $5.00 target price on shares of MobileIron in a report on Wednesday, July 19th.

MobileIron (NASDAQ:MOBL) traded down 1.32% during trading on Wednesday, hitting $3.75. 250,319 shares of the company were exchanged. MobileIron has a 12 month low of $2.56 and a 12 month high of $6.78. The company’s market capitalization is $279.93 million. The stock’s 50-day moving average is $4.88 and its 200-day moving average is $4.97.

MobileIron (NASDAQ:MOBL) last released its earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. The company had revenue of $42.65 million for the quarter, compared to analyst estimates of $43.44 million. MobileIron had a negative net margin of 32.67% and a negative return on equity of 136.81%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. Equities research analysts anticipate that MobileIron will post ($0.19) earnings per share for the current year.

In other news, Director Robert B. Tinker sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $6.05, for a total transaction of $60,500.00. Following the completion of the transaction, the director now owns 67,126 shares of the company’s stock, valued at approximately $406,112.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Laurel Finch sold 4,676 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $6.33, for a total transaction of $29,599.08. Following the transaction, the vice president now directly owns 287,236 shares of the company’s stock, valued at approximately $1,818,203.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,014 shares of company stock valued at $266,388. Corporate insiders own 31.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in MobileIron by 0.5% in the first quarter. Bank of America Corp DE now owns 62,960 shares of the software maker’s stock worth $274,000 after buying an additional 311 shares in the last quarter. Prudential Financial Inc. increased its position in MobileIron by 4.8% in the second quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock worth $158,000 after buying an additional 1,200 shares in the last quarter. American International Group Inc. increased its position in MobileIron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after buying an additional 1,904 shares in the last quarter. Goldman Sachs Group Inc. increased its position in MobileIron by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 68,375 shares of the software maker’s stock worth $297,000 after buying an additional 2,533 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in MobileIron by 4.0% in the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock worth $588,000 after buying an additional 3,700 shares in the last quarter. 54.87% of the stock is owned by 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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