Mimecast Limited (MIME) Given Buy Rating at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reissued their buy rating on shares of Mimecast Limited (NASDAQ:MIME) in a research report report published on Thursday. The firm currently has a $35.00 target price on the technology company’s stock, up from their previous target price of $32.00.
Several other research firms have also weighed in on MIME. Royal Bank Of Canada restated an outperform rating and set a $37.00 price objective (up previously from $33.00) on shares of Mimecast Limited in a research report on Thursday. BidaskClub lowered shares of Mimecast Limited from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Mimecast Limited from a hold rating to a sell rating in a research report on Tuesday, October 10th. Needham & Company LLC restated a buy rating and set a $35.00 price objective on shares of Mimecast Limited in a research report on Tuesday, September 12th. Finally, Barclays PLC raised their price objective on shares of Mimecast Limited from $30.00 to $31.00 and gave the company an overweight rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $32.83.
Mimecast Limited (MIME) traded up $0.21 during trading hours on Thursday, hitting $30.96. 276,500 shares of the stock traded hands, compared to its average volume of 299,599. Mimecast Limited has a one year low of $16.75 and a one year high of $32.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42.
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Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Mimecast Limited during the second quarter valued at about $104,000. US Bancorp DE lifted its stake in Mimecast Limited by 11.9% during the second quarter. US Bancorp DE now owns 7,155 shares of the technology company’s stock valued at $192,000 after buying an additional 759 shares in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in Mimecast Limited during the third quarter valued at about $200,000. Crow Point Partners LLC purchased a new stake in Mimecast Limited during the second quarter valued at about $281,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Mimecast Limited during the second quarter valued at about $290,000. 53.40% of the stock is owned by institutional investors.
Mimecast Limited Company Profile
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
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