MobileIron Inc. (NASDAQ:MOBL) shares rose 3.9% on Wednesday . The stock traded as high as $3.23 and last traded at $3.16, with a volume of 297,079 shares traded. The stock had previously closed at $3.04.

MOBL has been the subject of several research analyst reports. Imperial Capital restated an “outperform” rating and set a $4.50 price target on shares of MobileIron in a research report on Wednesday, June 15th. Zacks Investment Research raised shares of MobileIron from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research note on Wednesday, March 16th. Wunderlich reaffirmed a “buy” rating and set a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a research note on Friday, April 29th. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. Finally, Sterne Agee CRT initiated coverage on shares of MobileIron in a research note on Tuesday, April 5th. They set a “buy” rating and a $7.50 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $5.91.

The stock’s market capitalization is $235.89 million. The firm’s 50 day moving average is $3.13 and its 200-day moving average is $3.65.

MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, April 28th. The company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). During the same period in the previous year, the firm posted ($0.21) earnings per share. The firm had revenue of $38 million for the quarter, compared to analyst estimates of $39.09 million. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts forecast that MobileIron Inc. will post ($0.45) earnings per share for the current year.

A hedge fund recently raised its stake in MobileIron stock. Stoneridge Investment Partners LLC boosted its position in MobileIron Inc. (NASDAQ:MOBL) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 432,440 shares of the company’s stock after buying an additional 14,066 shares during the period. Stoneridge Investment Partners LLC owned approximately 0.58% of MobileIron worth $1,561,000 at the end of the most recent quarter.

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.

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