Morgan Stanley Issues Pessimistic Forecast for Jamf (NASDAQ:JAMF) Stock Price

Key Points

• Morgan Stanley has lowered its price target for Jamf from $14.00 to $10.00 while maintaining an "equal weight" rating, indicating a potential upside of 10.93% from the previous close.
• Recent adjustments by other analysts include JMP Securities cutting its target from $27.00 to $18.00 and Canaccord Genuity lowering it from $19.00 to $15.00, reflecting a broader trend of decreased forecasts.
• Jamf reported a quarterly earnings per share (EPS) of $0.18, exceeding estimates and marking a 15.4% increase in revenue compared to the same quarter last year.

Jamf (NASDAQ:JAMF - Free Report) had its price target cut by Morgan Stanley from $14.00 to $10.00 in a research note issued to investors on Tuesday, MarketBeat reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on JAMF. Barclays reduced their price target on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a research report on Monday, July 21st. JPMorgan Chase & Co. reduced their price target on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Mizuho set a $12.00 price target on shares of Jamf in a report on Friday, August 8th. Canaccord Genuity Group cut their price target on shares of Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, JMP Securities dropped their target price on shares of Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a report on Friday, August 8th.

Jamf Stock Up 2.1%

JAMF stock traded up $0.19 during midday trading on Tuesday, hitting $9.18. The company's stock had a trading volume of 1,585,398 shares, compared to its average volume of 1,600,087. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.97. Jamf has a 52-week low of $7.09 and a 52-week high of $18.77. The firm has a market capitalization of $1.21 billion, a P/E ratio of -23.54, a PEG ratio of 1.96 and a beta of 0.39. The firm has a 50-day simple moving average of $8.49 and a 200-day simple moving average of $10.55.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $176.50 million during the quarter, compared to analysts' expectations of $168.58 million. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The firm's revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Jamf will post 0.05 EPS for the current year.

Institutional Trading of Jamf

A number of hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new stake in Jamf during the second quarter worth approximately $97,000. Caxton Associates LLP boosted its position in Jamf by 31.6% during the second quarter. Caxton Associates LLP now owns 35,501 shares of the company's stock worth $338,000 after acquiring an additional 8,528 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Jamf by 210.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,829 shares of the company's stock valued at $74,000 after purchasing an additional 5,311 shares during the last quarter. Oxford Asset Management LLP boosted its holdings in shares of Jamf by 218.9% in the 2nd quarter. Oxford Asset Management LLP now owns 61,615 shares of the company's stock valued at $586,000 after purchasing an additional 42,294 shares during the last quarter. Finally, Man Group plc acquired a new position in shares of Jamf in the 2nd quarter valued at $1,510,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Jamf Company Profile

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.