MobileIron Inc. (MOBL) Sees Large Volume Increase
Shares of MobileIron Inc. (NASDAQ:MOBL) saw unusually-high trading volume on Tuesday . Approximately 303,053 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 198,892 shares.The stock last traded at $3.14 and had previously closed at $3.26.
MOBL has been the subject of a number of recent research reports. Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $6.00 to $3.00 in a research note on Friday, July 15th. Imperial Capital reissued an “outperform” rating and set a $4.50 price target on shares of MobileIron in a research note on Wednesday, June 15th. Wunderlich reissued a “buy” rating and set a $7.00 price target (down from $9.00) on shares of MobileIron in a research note on Friday, April 29th. Finally, Raymond James Financial Inc. reissued a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.40.
The company’s 50 day moving average is $3.27 and its 200 day moving average is $3.58. The stock’s market capitalization is $233.65 million.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. During the same quarter in the previous year, the business posted ($0.25) earnings per share. The company earned $38.90 million during the quarter, compared to analyst estimates of $37.94 million. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts forecast that MobileIron Inc. will post ($0.43) EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.