Jamf (NASDAQ:JAMF) Downgraded by Wall Street Zen 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 research note issued to investors on Friday.

A number of other research analysts also recently issued reports on JAMF. JPMorgan Chase & Co. reduced their price objective on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of Jamf in a research report on Tuesday, August 26th. Mizuho set a $12.00 target price on shares of Jamf in a research report on Friday, August 8th. Bank of America reduced their target price on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Barclays reduced their target price on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Monday, July 21st.

Jamf Trading Up 7.9%

Jamf stock traded up $0.77 during mid-day trading on Friday, reaching $10.55. 2,842,774 shares of the company traded hands, compared to its average volume of 1,435,342. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.45. The firm's 50 day moving average price is $8.53 and its 200 day moving average price is $10.41. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -27.05, a P/E/G ratio of 2.14 and a beta of 0.39. Jamf has a 52-week low of $7.09 and a 52-week high of $18.77.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $176.50 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that Jamf will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jamf

Several hedge funds and other institutional investors have recently made changes to their positions in JAMF. Sunriver Management LLC purchased a new stake in shares of Jamf during the 1st quarter valued at about $37,394,000. Marshall Wace LLP increased its position in shares of Jamf by 181.7% during the 2nd quarter. Marshall Wace LLP now owns 1,366,919 shares of the company's stock valued at $12,999,000 after purchasing an additional 881,745 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Jamf by 133.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company's stock valued at $13,023,000 after purchasing an additional 781,968 shares during the last quarter. Palisade Capital Management LP purchased a new stake in shares of Jamf during the 1st quarter valued at about $7,567,000. Finally, BNP Paribas Financial Markets increased its position in shares of Jamf by 340.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company's stock valued at $6,208,000 after purchasing an additional 504,425 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company's stock.

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.