Mobileiron Inc (NASDAQ:MOBL) has been given an average rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.58.
MOBL has been the topic of a number of research reports. BidaskClub raised Mobileiron from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. ValuEngine raised Mobileiron from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. Finally, Zacks Investment Research raised Mobileiron from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th.
Several institutional investors and hedge funds have recently modified their holdings of MOBL. Legal & General Group Plc boosted its stake in shares of Mobileiron by 11,393.0% in the first quarter. Legal & General Group Plc now owns 1,505,585 shares of the software maker’s stock worth $7,452,000 after buying an additional 1,492,485 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Mobileiron by 209.7% in the first quarter. Millennium Management LLC now owns 1,902,438 shares of the software maker’s stock worth $9,417,000 after buying an additional 1,288,147 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Mobileiron by 24.4% in the second quarter. BlackRock Inc. now owns 4,665,416 shares of the software maker’s stock worth $20,763,000 after buying an additional 915,314 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Mobileiron by 1,310.8% in the first quarter. The Manufacturers Life Insurance Company now owns 687,677 shares of the software maker’s stock worth $3,404,000 after buying an additional 638,934 shares during the last quarter. Finally, Cowen Prime Services LLC boosted its stake in shares of Mobileiron by 68.4% in the second quarter. Cowen Prime Services LLC now owns 1,050,500 shares of the software maker’s stock worth $4,675,000 after buying an additional 426,700 shares during the last quarter. Hedge funds and other institutional investors own 52.30% of the company’s stock.
Shares of MOBL stock traded up $0.05 during mid-day trading on Monday, reaching $4.90. The stock had a trading volume of 224,651 shares, compared to its average volume of 311,896. The firm has a market capitalization of $488.08 million, a PE ratio of -8.60 and a beta of 2.28. Mobileiron has a 1-year low of $3.20 and a 1-year high of $5.30.
Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, July 31st. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $46.10 million for the quarter, compared to analyst estimates of $45.40 million. Mobileiron had a negative return on equity of 131.24% and a negative net margin of 29.39%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.08) earnings per share. equities analysts expect that Mobileiron will post -0.47 earnings per share for the current year.
Mobileiron Company Profile
MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.
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