Mimecast Ltd. (MIME) Given New $22.00 Price Target at Barclays PLC
MIME has been the subject of a number of other research reports. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $20.00 price objective (up previously from $15.00) on shares of Mimecast in a research note on Thursday, September 1st. Royal Bank Of Canada reaffirmed a buy rating on shares of Mimecast in a research note on Thursday, June 23rd. Zacks Investment Research lowered Mimecast from a hold rating to a sell rating in a research note on Tuesday, June 28th. Finally, Dougherty & Co upped their price objective on Mimecast from $12.00 to $16.00 and gave the stock a buy rating in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Mimecast currently has a consensus rating of Buy and an average target price of $16.79.
Mimecast (NASDAQ:MIME) opened at 19.27 on Monday. The company’s market capitalization is $1.05 billion. Mimecast has a 52-week low of $6.01 and a 52-week high of $20.10. The company’s 50-day moving average price is $16.27 and its 200 day moving average price is $11.37.
Mimecast (NASDAQ:MIME) last released its quarterly earnings data on Monday, August 8th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business earned $41.46 million during the quarter, compared to the consensus estimate of $39.85 million. The business’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. On average, equities analysts expect that Mimecast will post $0.02 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. KCG Holdings Inc. purchased a new stake in Mimecast during the second quarter worth approximately $162,000. Geode Capital Management LLC increased its stake in shares of Mimecast by 4.7% in the first quarter. Geode Capital Management LLC now owns 21,159 shares of the company’s stock worth $205,000 after buying an additional 959 shares during the period. Barclays PLC increased its stake in shares of Mimecast by 70.2% in the first quarter. Barclays PLC now owns 29,100 shares of the company’s stock worth $262,000 after buying an additional 12,000 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Mimecast during the first quarter worth about $349,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Mimecast during the second quarter worth about $509,000. Institutional investors own 30.66% of the company’s stock.
Mimecast Company Profile
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.
Receive News & Ratings for Mimecast Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mimecast Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.