Mobileiron (MOBL) Lifted to Outperform at Imperial Capital

Imperial Capital upgraded shares of Mobileiron (NASDAQ:MOBL) from an in-line rating to an outperform rating in a report published on Monday morning, MarketBeat reports. They currently have $5.75 target price on the software maker’s stock, up from their prior target price of $4.00.

Several other research firms also recently weighed in on MOBL. ValuEngine raised shares of Mobileiron from a sell rating to a hold rating in a research note on Friday, February 9th. Northland Securities set a $7.00 price objective on shares of Mobileiron and gave the company a buy rating in a report on Friday, February 9th. BidaskClub upgraded shares of Mobileiron from a sell rating to a hold rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Mobileiron from a hold rating to a sell rating in a report on Wednesday, January 31st. Finally, Roth Capital assumed coverage on shares of Mobileiron in a report on Wednesday, January 17th. They set a buy rating and a $7.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Mobileiron currently has a consensus rating of Hold and a consensus target price of $6.35.

Shares of Mobileiron (NASDAQ MOBL) opened at $5.05 on Monday. 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 results on Thursday, February 8th. The software maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. Mobileiron had a negative net margin of 31.90% and a negative return on equity of 167.00%. The firm had revenue of $48.83 million during the quarter, compared to the consensus estimate of $46.47 million. equities research analysts forecast that Mobileiron will post -0.45 earnings per share for the current fiscal year.

In other news, VP Daniel C. Fields sold 14,404 shares of Mobileiron stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the transaction, the vice president now directly owns 356,250 shares in the company, valued at $1,389,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Fields sold 17,890 shares of Mobileiron stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $3.89, for a total transaction of $69,592.10. Following the transaction, the vice president now owns 344,765 shares of the company’s stock, valued at $1,341,135.85. The disclosure for this sale can be found here. 31.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cowen Prime Services LLC purchased a new position in Mobileiron during the fourth quarter worth about $2,511,000. Goldman Sachs Group Inc. boosted its holdings in Mobileiron by 357.2% during the second quarter. Goldman Sachs Group Inc. now owns 312,600 shares of the software maker’s stock worth $1,891,000 after purchasing an additional 244,225 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Mobileiron by 13.0% during the second quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock worth $17,960,000 after purchasing an additional 340,924 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Mobileiron during the second quarter worth about $3,532,000. Finally, Formula Growth Ltd. boosted its holdings in Mobileiron by 100.0% during the third quarter. Formula Growth Ltd. now owns 650,000 shares of the software maker’s stock worth $2,405,000 after purchasing an additional 325,000 shares during the last quarter. Hedge funds and other institutional investors own 51.60% of the company’s stock.

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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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