Mimecast Ltd. (NASDAQ:MIME) saw strong trading volume on Thursday . 159,799 shares changed hands during trading, an increase of 10% from the previous session’s volume of 144,653 shares.The stock last traded at $10.01 and had previously closed at $9.92.

MIME has been the subject of several research reports. Zacks Investment Research raised Mimecast from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Dougherty & Co initiated coverage on Mimecast in a report on Friday, June 3rd. They set a “buy” rating and a $12.00 price objective for the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $15.00 price objective on shares of Mimecast in a report on Monday, April 18th. Jefferies Group reissued a “buy” rating and set a $18.00 price objective on shares of Mimecast in a report on Tuesday, May 17th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $13.92.

The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $9.15. The company’s market capitalization is $554.89 million.

A hedge fund recently bought a new stake in Mimecast stock. Kornitzer Capital Management Inc. KS bought a new position in shares of Mimecast Ltd. (NASDAQ:MIME) during the fourth quarter, Holdings Channel reports. The firm bought 1,049,530 shares of the company’s stock, valued at approximately $10,075,000. Kornitzer Capital Management Inc. KS owned approximately 3.11% of Mimecast as of its most recent SEC filing.

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.

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.