Northland Securities Reiterates $5.00 Price Target for MobileIron, Inc. (NASDAQ:MOBL)

MobileIron, Inc. (NASDAQ:MOBL) has been given a $5.00 target price by research analysts at Northland Securities in a research report issued to clients and investors on Wednesday, October 18th. The firm currently has a “buy” rating on the software maker’s stock. Northland Securities’ target price suggests a potential upside of 25.00% from the stock’s previous close.

Several other equities analysts have also commented on the company. Barclays PLC reiterated a “sell” rating and set a $5.00 price objective on shares of MobileIron in a research report on Wednesday, July 19th. BidaskClub lowered MobileIron from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Imperial Capital lowered MobileIron from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $5.50 to $4.00 in a research report on Wednesday, October 18th. Raymond James Financial, Inc. restated a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th. Finally, UBS AG lowered MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.30.

Shares of MobileIron (MOBL) traded down $0.05 during midday trading on Wednesday, reaching $4.00. The company’s stock had a trading volume of 588,184 shares, compared to its average volume of 895,527. MobileIron has a fifty-two week low of $3.20 and a fifty-two week high of $6.78.

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 149.15%. MobileIron’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) earnings per share. equities analysts predict that MobileIron will post -0.62 earnings per share for the current fiscal year.

WARNING: “Northland Securities Reiterates $5.00 Price Target for MobileIron, Inc. (NASDAQ:MOBL)” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/mobileiron-inc-mobl-given-a-5-00-price-target-at-northland-securities/1723372.html.

In other news, VP Daniel C. Fields sold 15,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $3.75, for a total value of $58,500.00. Following the completion of the transaction, the vice president now owns 423,037 shares in the company, valued at approximately $1,586,388.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Daniel C. Fields sold 52,383 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $3.77, for a total value of $197,483.91. Following the completion of the transaction, the vice president now owns 423,037 shares of the company’s stock, valued at approximately $1,594,849.49. The disclosure for this sale can be found here. Company insiders own 31.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new position in MobileIron during the 2nd quarter valued at approximately $19,387,000. Renaissance Technologies LLC increased its position in MobileIron by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after buying an additional 1,616,600 shares in the last quarter. FMR LLC increased its position in MobileIron by 973.7% during the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after buying an additional 1,222,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in MobileIron during the 2nd quarter valued at approximately $3,532,000. Finally, Vanguard Group Inc. increased its position in MobileIron by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after buying an additional 340,924 shares in the last quarter. Institutional investors own 54.98% of the company’s stock.

MobileIron Company Profile

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.

Analyst Recommendations for MobileIron (NASDAQ:MOBL)

Receive News & Ratings for MobileIron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MobileIron Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.