Jamf (NASDAQ:JAMF) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Jamf (NASDAQ:JAMF) in a research note released on Monday, Benzinga reports. The brokerage currently has a $25.00 target price on the stock.

Several other research firms have also weighed in on JAMF. Barclays increased their price objective on shares of Jamf from $18.00 to $20.00 and gave the stock an equal weight rating in a research note on Thursday, March 14th. Canaccord Genuity Group increased their price objective on shares of Jamf from $22.00 to $24.00 and gave the company a buy rating in a report on Thursday, May 9th. Royal Bank of Canada raised their target price on shares of Jamf from $21.00 to $23.00 and gave the stock an outperform rating in a report on Thursday, May 9th. Finally, Mizuho upped their price target on shares of Jamf from $21.00 to $22.00 and gave the company a buy rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Jamf currently has a consensus rating of Moderate Buy and a consensus target price of $24.14.

Jamf Stock Up 0.3 %

Shares of Jamf stock opened at $17.40 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $18.59 and a 200 day moving average price of $18.36. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -20.47, a price-to-earnings-growth ratio of 32.17 and a beta of 0.47. Jamf has a twelve month low of $14.83 and a twelve month high of $22.89.

Jamf (NASDAQ:JAMF) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $152.12 million for the quarter, compared to analyst estimates of $149.21 million. Jamf had a negative net margin of 18.33% and a negative return on equity of 4.86%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS. Equities research analysts forecast that Jamf will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Linh Lam sold 2,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total transaction of $44,066.00. Following the transaction, the insider now owns 200,585 shares in the company, valued at approximately $4,017,717.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dean Hager sold 73,730 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $17.76, for a total value of $1,309,444.80. Following the transaction, the director now directly owns 385,665 shares in the company, valued at approximately $6,849,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linh Lam sold 2,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total transaction of $44,066.00. Following the completion of the transaction, the insider now owns 200,585 shares in the company, valued at $4,017,717.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 239,323 shares of company stock worth $4,393,336. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JAMF. Raymond James & Associates boosted its position in shares of Jamf by 2.8% during the 3rd quarter. Raymond James & Associates now owns 38,800 shares of the company’s stock valued at $685,000 after acquiring an additional 1,074 shares in the last quarter. Swiss National Bank lifted its holdings in Jamf by 1.0% during the 3rd quarter. Swiss National Bank now owns 109,000 shares of the company’s stock valued at $1,925,000 after purchasing an additional 1,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Jamf by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,538 shares of the company’s stock valued at $7,851,000 after purchasing an additional 49,252 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Jamf in the third quarter worth about $362,000. Finally, Blair William & Co. IL raised its stake in shares of Jamf by 5.6% in the third quarter. Blair William & Co. IL now owns 272,283 shares of the company’s stock worth $4,809,000 after acquiring an additional 14,332 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.