MobileIron Inc. (NASDAQ:MOBL) had its price target decreased by Morgan Stanley from $7.00 to $2.75 in a report released on Monday. Morgan Stanley currently has an equal weight rating on the stock.

Analyst Recommendations for MobileIron (NASDAQ:MOBL)

Several other analysts also recently commented on the stock. Wunderlich downgraded shares of MobileIron from a buy rating to a hold rating and decreased their target price for the stock from $7.00 to $3.00 in a research report on Tuesday, September 13th. Imperial Capital reissued an outperform rating and issued a $4.50 target price on shares of MobileIron in a research report on Tuesday, September 6th. Barclays PLC downgraded shares of MobileIron from an overweight rating to an underweight rating and decreased their target price for the stock from $6.00 to $3.00 in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. reissued a buy rating on shares of MobileIron in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $4.83.

MobileIron (NASDAQ:MOBL) opened at 2.65 on Monday. The firm’s market capitalization is $197.82 million. MobileIron has a one year low of $2.56 and a one year high of $4.78. The firm’s 50-day moving average is $3.04 and its 200 day moving average is $3.47.

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. MobileIron had a negative net margin of 51.22% and a negative return on equity of 124.53%. The firm had revenue of $38.90 million for the quarter, compared to the consensus estimate of $37.94 million. During the same period in the previous year, the firm posted ($0.25) earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts forecast that MobileIron will post ($0.44) EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in MOBL. Vanguard Group Inc. raised its stake in shares of MobileIron by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,555,170 shares of the company’s stock valued at $7,794,000 after buying an additional 75,524 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of MobileIron by 17.9% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,450,000 shares of the company’s stock valued at $4,423,000 after buying an additional 219,858 shares during the period. BlackRock Fund Advisors raised its stake in shares of MobileIron by 14.4% in the second quarter. BlackRock Fund Advisors now owns 1,211,225 shares of the company’s stock valued at $3,694,000 after buying an additional 152,173 shares during the period. potrero capital research llc raised its stake in shares of MobileIron by 0.5% in the first quarter. potrero capital research llc now owns 909,062 shares of the company’s stock valued at $4,109,000 after buying an additional 4,074 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of MobileIron by 9.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 667,907 shares of the company’s stock valued at $2,037,000 after buying an additional 59,173 shares during the period. 51.62% of the stock is currently owned by hedge funds and other institutional investors.

About MobileIron

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.

5 Day Chart for NASDAQ:MOBL

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