Brokerages Set MobileIron, Inc. (MOBL) Price Target at $5.30

Shares of MobileIron, Inc. (NASDAQ:MOBL) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.30.

Several brokerages recently commented on MOBL. Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $5.50 to $4.00 in a research report on Wednesday, October 18th. Northland Securities set a $5.00 price target on MobileIron and gave the company a “buy” rating in a research report on Wednesday, October 18th. BidaskClub cut MobileIron from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine cut MobileIron from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Raymond James Financial reissued a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th.

MobileIron (NASDAQ:MOBL) traded down $0.10 during mid-day trading on Friday, hitting $3.85. The stock had a trading volume of 545,494 shares, compared to its average volume of 643,970. MobileIron has a 52 week low of $3.20 and a 52 week high of $6.78.

MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The firm had revenue of $42.72 million for the quarter, compared to analyst estimates of $42.69 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. research analysts anticipate that MobileIron will post -0.61 EPS for the current fiscal year.

In other news, VP Daniel C. Fields sold 15,600 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $3.75, for a total transaction of $58,500.00. Following the transaction, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel C. Fields sold 52,383 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.77, for a total value of $197,483.91. Following the transaction, the vice president now owns 423,037 shares in the company, valued at approximately $1,594,849.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,277 shares of company stock worth $381,752. 31.70% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. American International Group Inc. boosted its holdings in shares of MobileIron by 7.1% in the 1st quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock valued at $125,000 after purchasing an additional 1,904 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of MobileIron in the 1st quarter valued at $136,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of MobileIron in the 1st quarter valued at $154,000. Prudential Financial Inc. boosted its holdings in shares of MobileIron by 4.8% in the 2nd quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock valued at $158,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of MobileIron in the 3rd quarter valued at $162,000. 51.20% of the stock is currently owned by institutional investors and hedge funds.

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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)

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