Mobileiron Inc (MOBL) Receives $4.46 Consensus PT from Brokerages
Shares of Mobileiron Inc (NASDAQ:MOBL) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $4.46.
Several brokerages have recently commented on MOBL. Zacks Investment Research downgraded shares of Mobileiron from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Instinet restated a “buy” rating and set a $5.50 price objective on shares of Mobileiron in a research report on Saturday, January 14th. Finally, Imperial Capital restated an “outperform” rating and set a $5.50 price objective (up from $4.50) on shares of Mobileiron in a research report on Wednesday, February 8th.
Mobileiron (NASDAQ:MOBL) traded down 0.568% during midday trading on Tuesday, hitting $4.375. 186,697 shares of the company were exchanged. The stock’s market capitalization is $326.59 million. The stock has a 50 day moving average of $4.38 and a 200-day moving average of $4.14. Mobileiron has a 1-year low of $2.56 and a 1-year high of $5.00.
Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, February 7th. The software maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $45.50 million for the quarter, compared to the consensus estimate of $45.10 million. Mobileiron had a negative net margin of 40.98% and a negative return on equity of 125.66%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Equities analysts expect that Mobileiron will post ($0.19) earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in MOBL. Bank of Montreal Can increased its stake in shares of Mobileiron by 26,262.0% in the first quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock worth $114,000 after buying an additional 26,262 shares in the last quarter. Teza Capital Management LLC acquired a new stake in Mobileiron during the fourth quarter worth $116,000. Boothbay Fund Management LLC increased its stake in Mobileiron by 157.0% in the fourth quarter. Boothbay Fund Management LLC now owns 46,367 shares of the software maker’s stock worth $174,000 after buying an additional 28,327 shares during the period. FNY Partners Fund LP acquired a new stake in Mobileiron during the fourth quarter worth $185,000. Finally, A.R.T. Advisors LLC acquired a new stake in Mobileiron during the fourth quarter worth $242,000. Institutional investors own 48.27% of the company’s stock.
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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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