Shares of Mimecast Ltd. (NASDAQ:MIME) rose 4.5% on Thursday . The company traded as high as $15.00 and last traded at $14.97, with a volume of 290,723 shares. The stock had previously closed at $14.33.

MIME has been the subject of a number of research reports. Goldman Sachs Group Inc. cut shares of Mimecast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $12.00 to $10.50 in a research report on Friday, April 15th. Barclays PLC upped their price target on shares of Mimecast from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mimecast in a research report on Thursday, June 23rd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $15.00 price target on shares of Mimecast in a research report on Wednesday, August 3rd. Finally, Dougherty & Co upped their price target on shares of Mimecast from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $15.21.

The stock’s market cap is $795.89 million. The company has a 50-day moving average price of $11.05 and a 200 day moving average price of $9.62.

Mimecast (NASDAQ:MIME) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. The firm earned $41.46 million during the quarter, compared to analysts’ expectations of $39.85 million. During the same quarter last year, the company posted ($0.04) EPS. The firm’s revenue was up 24.4% compared to the same quarter last year. Equities research analysts expect that Mimecast Ltd. will post $0.02 earnings per share for the current fiscal year.

Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving, risk and compliance; business continuity; migration, and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway, which is offered for spam and virus protection, content control and data leak prevention, targeted threat protection, file send, secure messaging, and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity, which is offered for continuity services, and Mimecast Enterprise Information Archiving, which is offered for file archiving, legacy archive data management and Lync Instant messaging Archiving.

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