Zacks Investment Research lowered shares of MobileIron (NASDAQ:MOBL) from a hold rating to a sell rating in a research note released on Thursday morning.
According to Zacks, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California. “
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Several other research firms have also weighed in on MOBL. BidaskClub raised shares of MobileIron from a hold rating to a buy rating in a report on Saturday, March 24th. Northland Securities set a $7.00 target price on shares of MobileIron and gave the stock a buy rating in a report on Friday, February 9th. Roth Capital started coverage on shares of MobileIron in a report on Wednesday, January 17th. They issued a buy rating and a $7.00 target price on the stock. ValuEngine raised shares of MobileIron from a sell rating to a hold rating in a report on Friday, February 9th. Finally, Imperial Capital raised shares of MobileIron from an in-line rating to an outperform rating and upped their target price for the stock from $4.00 to $5.75 in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $6.05.
Shares of MobileIron stock opened at $4.48 on Thursday. The firm has a market capitalization of $450.01, a price-to-earnings ratio of -7.85 and a beta of 2.33. MobileIron has a 52-week low of $3.20 and a 52-week high of $6.78.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. MobileIron had a negative net margin of 33.64% and a negative return on equity of 227.67%. The firm had revenue of $48.83 million for the quarter, compared to analyst estimates of $46.47 million. equities research analysts forecast that MobileIron will post -0.48 earnings per share for the current fiscal year.
In related news, Director Aaref Hilaly sold 10,269 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $4.81, for a total transaction of $49,393.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Fields sold 17,847 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $4.91, for a total transaction of $87,628.77. Following the transaction, the vice president now owns 365,786 shares in the company, valued at approximately $1,796,009.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,761 shares of company stock worth $776,446. 31.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MOBL. Prudential Financial Inc. acquired a new position in MobileIron during the 1st quarter worth about $107,000. SG Americas Securities LLC acquired a new position in MobileIron during the 4th quarter worth about $135,000. Slow Capital Inc. acquired a new position in MobileIron during the 4th quarter worth about $140,000. American Century Companies Inc. acquired a new position in MobileIron during the 1st quarter worth about $346,000. Finally, Engine Capital Management LLC acquired a new position in MobileIron during the 4th quarter worth about $395,000. Institutional investors and hedge funds own 46.36% of the company’s stock.
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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