MobileIron, Inc. (MOBL) Receives Consensus Rating of “Hold” from Brokerages

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

MOBL has been the subject of several research reports. BidaskClub downgraded 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 note on Friday, September 1st. UBS cut MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Raymond James Financial reissued a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and reduced their price objective for the company from $5.50 to $4.00 in a research note on Wednesday, October 18th.

In other news, VP Daniel C. Fields sold 52,383 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was 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 directly owns 423,037 shares in the company, valued at approximately $1,594,849.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Fields sold 14,404 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total value of $56,175.60. Following the completion of the sale, the vice president now directly owns 356,250 shares of the company’s stock, valued at approximately $1,389,375. The disclosure for this sale can be found here. Insiders sold a total of 100,277 shares of company stock valued at $381,752 over the last quarter. Company insiders own 31.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOBL. Prudential Financial Inc. raised its position 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 worth $158,000 after acquiring an additional 1,200 shares in the last quarter. American International Group Inc. grew its stake 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 worth $125,000 after buying an additional 1,904 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of MobileIron in the 2nd quarter worth approximately $185,000. UBS Asset Management Americas Inc. purchased a new stake in shares of MobileIron in the 1st quarter worth approximately $136,000. Finally, Voya Investment Management LLC boosted its stake in MobileIron by 16.0% during the 2nd quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock valued at $189,000 after purchasing an additional 4,315 shares during the last quarter. 51.20% of the stock is owned by institutional investors and hedge funds.

Shares of MobileIron (NASDAQ MOBL) traded down $0.05 during midday trading on Friday, reaching $3.90. The company’s stock had a trading volume of 389,677 shares, compared to its average volume of 642,043. MobileIron has a 52-week low of $3.20 and a 52-week high of $6.78.

MobileIron (NASDAQ:MOBL) last released 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). The business had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share. equities research analysts predict that MobileIron will post -0.61 earnings per share for the current year.

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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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