BidaskClub downgraded shares of Mobileiron (NASDAQ:MOBL) from a hold rating to a sell rating in a research note published on Thursday.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Mobileiron from a hold rating to a sell rating in a research report on Tuesday, October 24th. Raymond James Financial reaffirmed a market perform rating on shares of Mobileiron in a research report on Wednesday, October 18th. Imperial Capital cut shares of Mobileiron from an outperform rating to an in-line rating and cut their price objective for the company from $5.50 to $4.00 in a research report on Wednesday, October 18th. UBS Group cut shares of Mobileiron from an outperform rating to a market perform rating in a research report on Wednesday, October 18th. Finally, Northland Securities set a $5.00 price objective on shares of Mobileiron and gave the company a buy rating in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Mobileiron has a consensus rating of Hold and a consensus price target of $5.60.

Shares of Mobileiron (NASDAQ MOBL) opened at $4.20 on Thursday. The company has a market cap of $418.38, a price-to-earnings ratio of -6.56 and a beta of 2.64. Mobileiron has a 52-week low of $3.20 and a 52-week high of $6.78.

Mobileiron (NASDAQ:MOBL) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $42.72 million during the quarter, compared to the consensus estimate of $42.69 million. Mobileiron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. equities analysts predict that Mobileiron will post -0.62 EPS for the current year.

In other Mobileiron news, VP Daniel C. Fields sold 17,890 shares of Mobileiron stock in a transaction on Friday, November 24th. The shares were sold at an average price of $3.89, for a total value of $69,592.10. Following the sale, the vice president now directly owns 344,765 shares in the company, valued at approximately $1,341,135.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Fields sold 14,404 shares of Mobileiron stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the sale, the vice president now owns 356,250 shares in the company, valued at $1,389,375. The disclosure for this sale can be found here. 31.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. ETF Managers Group LLC acquired a new stake in Mobileiron in the 2nd quarter valued at $19,387,000. Vanguard Group Inc. increased its stake in Mobileiron by 13.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after buying an additional 340,924 shares during the last quarter. Renaissance Technologies LLC increased its stake in Mobileiron by 143.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after buying an additional 1,616,600 shares during the last quarter. FMR LLC increased its stake in Mobileiron by 973.7% in the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after buying an additional 1,222,000 shares during the last quarter. Finally, Whetstone Capital Advisors LLC increased its stake in Mobileiron by 383.5% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock valued at $3,793,000 after buying an additional 813,135 shares during the last quarter. Hedge funds and other institutional investors own 51.15% of the company’s stock.

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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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