Jamf (NASDAQ:JAMF) Sets New 52-Week Low - What's Next?

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $8.87 and last traded at $8.89, with a volume of 419823 shares changing hands. The stock had previously closed at $9.31.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JMP Securities reissued a "market outperform" rating and issued a $27.00 price target on shares of Jamf in a report on Wednesday, May 28th. Morgan Stanley dropped their target price on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho set a $15.00 price target on shares of Jamf in a report on Wednesday, April 16th. Barclays upped their price target on shares of Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.50.

Jamf Price Performance

The stock's 50-day moving average is $10.25 and its two-hundred day moving average is $12.42. The company has a market capitalization of $1.14 billion, a PE ratio of -22.76, a price-to-earnings-growth ratio of 1.62 and a beta of 0.37. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The business had revenue of $167.62 million for the quarter, compared to analysts' expectations of $166.22 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Jamf's revenue was up 10.2% compared to the same quarter last year. On average, equities analysts predict that Jamf Holding Corp. will post 0.05 EPS for the current year.

Insider Activity at Jamf

In other news, Director Dean Hager sold 27,720 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total transaction of $286,624.80. Following the transaction, the director directly owned 270,347 shares of the company's stock, valued at approximately $2,795,387.98. This trade represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Beth Tschida sold 11,878 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $122,818.52. Following the completion of the sale, the insider owned 475,932 shares of the company's stock, valued at $4,921,136.88. The trade was a 2.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jamf

Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in Jamf during the 1st quarter worth about $126,000. Cetera Investment Advisers bought a new position in shares of Jamf during the fourth quarter valued at approximately $145,000. SG Americas Securities LLC increased its holdings in Jamf by 97.6% during the first quarter. SG Americas Securities LLC now owns 57,493 shares of the company's stock valued at $699,000 after buying an additional 28,394 shares during the period. BNP Paribas Financial Markets purchased a new position in Jamf during the fourth quarter valued at approximately $931,000. Finally, Ameriprise Financial Inc. bought a new position in Jamf in the fourth quarter worth approximately $158,000. 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.