Shares of MobileIron Inc. (NASDAQ:MOBL) have been assigned an average rating of “Hold” from the ten analysts that are covering the company. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $4.72.
Several equities research analysts recently issued reports on MOBL shares. Morgan Stanley decreased their price target on shares of MobileIron from $7.00 to $2.75 and set an “equal weight” rating on the stock in a report on Monday, September 19th. Wunderlich downgraded shares of MobileIron from a “buy” rating to a “hold” rating and cut their target price for the stock from $7.00 to $3.00 in a research report on Tuesday, September 13th. Imperial Capital reiterated an “outperform” rating and set a $4.50 target price on shares of MobileIron in a research report on Wednesday, June 15th. Finally, Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $6.00 to $3.00 in a research report on Friday, July 15th.
Shares of MobileIron (NASDAQ:MOBL) traded down 5.41% during trading on Wednesday, hitting $3.50. 815,507 shares of the stock were exchanged. MobileIron has a 52 week low of $2.56 and a 52 week high of $4.78. The firm has a 50 day moving average price of $2.88 and a 200 day moving average price of $3.35. The firm’s market capitalization is $261.27 million.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. The company had revenue of $38.90 million for the quarter, compared to analyst estimates of $37.94 million. MobileIron had a negative net margin of 51.22% and a negative return on equity of 124.53%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.25) EPS. Analysts forecast that MobileIron will post ($0.43) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. General Motors Investment Management Corp purchased a new position in shares of MobileIron during the second quarter worth about $826,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of MobileIron by 17.9% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,450,000 shares of the company’s stock worth $4,423,000 after buying an additional 219,858 shares during the period. Spark Investment Management LLC increased its position in shares of MobileIron by 86.1% in the first quarter. Spark Investment Management LLC now owns 465,731 shares of the company’s stock worth $2,105,000 after buying an additional 215,431 shares during the period. Renaissance Technologies LLC increased its position in shares of MobileIron by 300.2% in the first quarter. Renaissance Technologies LLC now owns 209,300 shares of the company’s stock worth $946,000 after buying an additional 157,000 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of MobileIron by 14.4% in the second quarter. BlackRock Fund Advisors now owns 1,211,225 shares of the company’s stock worth $3,694,000 after buying an additional 152,173 shares during the period. Hedge funds and other institutional investors own 51.62% of the company’s stock.
MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.
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