Wall Street Zen Downgrades Jamf (NASDAQ:JAMF) to Hold

Key Points

• Jamf was downgraded from a "buy" to "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the company.
• Multiple analysts have adjusted their price targets for Jamf, with JPMorgan Chase cutting it from $15.00 to $12.00 and Morgan Stanley lowering theirs from $14.00 to $10.00.
• Jamf reported a revenue increase of 15.4% year-over-year for the last quarter, achieving $176.50 million, with earnings per share slightly surpassing estimates at $0.18.

Jamf (NASDAQ:JAMF - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Friday.

JAMF has been the topic of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Canaccord Genuity Group lowered their target price on shares of Jamf from $19.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Bank of America lowered their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. JMP Securities decreased their price target on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating on the stock in a research note on Friday, August 8th. Finally, Morgan Stanley decreased their price target on shares of Jamf from $14.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 2nd.

Jamf Price Performance

Shares of JAMF traded down $0.16 during mid-day trading on Friday, reaching $9.46. The stock had a trading volume of 552,952 shares, compared to its average volume of 993,316. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -24.25, a PEG ratio of 2.09 and a beta of 0.39. Jamf has a 12 month low of $7.09 and a 12 month high of $18.77. The business has a fifty day moving average of $8.49 and a 200 day moving average of $10.44. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.45.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $168.58 million. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The company's revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Jamf will post 0.05 EPS for the current year.

Institutional Trading of Jamf

Institutional investors have recently modified their holdings of the company. Sunriver Management LLC raised its position in shares of Jamf by 46.9% in the 2nd quarter. Sunriver Management LLC now owns 4,519,582 shares of the company's stock valued at $42,981,000 after purchasing an additional 1,441,908 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Jamf by 133.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company's stock worth $13,023,000 after buying an additional 781,968 shares during the last quarter. Marshall Wace LLP raised its position in Jamf by 181.7% during the 2nd quarter. Marshall Wace LLP now owns 1,366,919 shares of the company's stock worth $12,999,000 after buying an additional 881,745 shares during the last quarter. Northern Trust Corp raised its position in Jamf by 1.0% during the 1st quarter. Northern Trust Corp now owns 811,760 shares of the company's stock worth $9,863,000 after buying an additional 7,730 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Jamf by 340.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company's stock worth $6,208,000 after buying an additional 504,425 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.