Roth Capital assumed coverage on shares of MobileIron (NASDAQ:MOBL) in a report issued on Wednesday. The firm set a “buy” rating and a $7.00 price target on the software maker’s stock. Roth Capital’s price objective points to a potential upside of 69.49% from the stock’s current price.

MOBL has been the subject of several other research reports. Zacks Investment Research downgraded MobileIron from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Raymond James Financial reiterated a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. UBS Group downgraded MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Northland Securities set a $5.00 price target on MobileIron and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Imperial Capital downgraded MobileIron from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.60.

MobileIron (NASDAQ:MOBL) traded down $0.03 during mid-day trading on Wednesday, hitting $4.13. The stock had a trading volume of 263,500 shares, compared to its average volume of 343,492. The company has a market cap of $398.64, a P/E ratio of -6.45 and a beta of 2.64. MobileIron has a 12 month low of $3.20 and a 12 month high of $6.78.

MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 million. MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. sell-side analysts predict that MobileIron will post -0.61 EPS for the current fiscal year.

In other MobileIron news, VP Daniel C. Fields sold 17,890 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $3.89, for a total value of $69,592.10. Following the completion of the transaction, the vice president now owns 344,765 shares in the company, valued at approximately $1,341,135.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Fields sold 14,404 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 356,250 shares of the company’s stock, valued at approximately $1,389,375. The disclosure for this sale can be found here. 31.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MOBL. Russell Investments Group Ltd. boosted its stake in MobileIron by 12.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 66,034 shares of the software maker’s stock worth $399,000 after purchasing an additional 7,100 shares during the period. Rhumbline Advisers boosted its stake in MobileIron by 25.2% in the 2nd quarter. Rhumbline Advisers now owns 57,882 shares of the software maker’s stock worth $350,000 after purchasing an additional 11,647 shares during the period. Bank of New York Mellon Corp boosted its stake in MobileIron by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,428 shares of the software maker’s stock worth $1,285,000 after purchasing an additional 13,366 shares during the period. Prudential Financial Inc. boosted its stake in MobileIron by 4.8% in the 2nd quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock worth $158,000 after purchasing an additional 1,200 shares during the period. Finally, Swiss National Bank boosted its position in shares of MobileIron by 27.4% during the 2nd quarter. Swiss National Bank now owns 72,000 shares of the software maker’s stock valued at $436,000 after acquiring an additional 15,500 shares during the last quarter. Institutional investors and hedge funds own 51.15% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2018/01/19/mobileiron-mobl-receives-new-coverage-from-analysts-at-roth-capital.html.

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)

Receive News & Ratings for MobileIron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MobileIron and related companies with MarketBeat.com's FREE daily email newsletter.