MobileIron, Inc. (MOBL) Given Average Rating of “Hold” by Analysts
Shares of MobileIron, Inc. (NASDAQ:MOBL) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.67.
Several brokerages have recently issued reports on MOBL. BidaskClub cut MobileIron from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine cut MobileIron from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and issued a $7.00 price target on shares of MobileIron in a report on Friday, July 14th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price target on shares of MobileIron in a report on Wednesday, July 19th.
MobileIron (MOBL) traded down 0.71% on Friday, hitting $3.50. The stock had a trading volume of 341,505 shares. The company’s market cap is $261.27 million. The company has a 50 day moving average price of $3.95 and a 200-day moving average price of $4.86. MobileIron has a 52-week low of $2.60 and a 52-week high of $6.78.
MobileIron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. The business had revenue of $42.65 million during the quarter, compared to analysts’ expectations of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) EPS. On average, equities research analysts predict that MobileIron will post ($0.19) earnings per share for the current year.
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In related news, VP Daniel C. Fields sold 52,383 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $3.77, for a total value of $197,483.91. Following the completion of the transaction, the vice president now owns 423,037 shares of the company’s stock, valued at approximately $1,594,849.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Fields sold 15,600 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $3.75, for a total value of $58,500.00. Following the completion of the transaction, the vice president now directly owns 423,037 shares of the company’s stock, valued at approximately $1,586,388.75. The disclosure for this sale can be found here. Corporate insiders own 31.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOBL. Bank of Montreal Can raised its holdings in MobileIron by 26,262.0% in the 1st quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock worth $114,000 after purchasing an additional 26,262 shares during the period. Acadian Asset Management LLC acquired a new position in MobileIron in the 1st quarter worth about $410,000. Strs Ohio acquired a new position in MobileIron in the 1st quarter worth about $206,000. Swiss National Bank raised its holdings in MobileIron by 32.9% in the 1st quarter. Swiss National Bank now owns 56,500 shares of the software maker’s stock worth $246,000 after purchasing an additional 14,000 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of MobileIron during the first quarter valued at approximately $136,000. 54.87% of the stock is owned by institutional investors.
MobileIron Company Profile
MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.
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