Needham & Company LLC Has Lowered Expectations for Jamf (NASDAQ:JAMF) Stock Price

Jamf (NASDAQ:JAMF - Get Free Report) had its price objective decreased by research analysts at Needham & Company LLC from $25.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's target price points to a potential upside of 146.31% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America dropped their price objective on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday. JMP Securities restated a "market outperform" rating and set a $27.00 price target on shares of Jamf in a research report on Wednesday, May 28th. Mizuho dropped their target price on Jamf from $15.00 to $13.00 and set an "outperform" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Barclays increased their price target on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Jamf presently has an average rating of "Moderate Buy" and a consensus target price of $17.91.

Jamf Stock Down 2.4%

Shares of JAMF stock traded down $0.20 during trading hours on Thursday, reaching $8.12. 1,057,147 shares of the company's stock were exchanged, compared to its average volume of 679,456. Jamf has a 1 year low of $7.95 and a 1 year high of $18.99. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.07 billion, a PE ratio of -21.37, a PEG ratio of 1.43 and a beta of 0.37. The stock's fifty day moving average price is $9.83 and its two-hundred day moving average price is $12.11.

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

Insider Activity at Jamf

In other Jamf news, Director Dean Hager sold 27,720 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total transaction of $286,624.80. Following the sale, the director directly owned 270,347 shares in the company, valued at $2,795,387.98. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Strosahl sold 16,125 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.75, for a total transaction of $173,343.75. Following the completion of the transaction, the chief executive officer directly owned 1,524,101 shares of the company's stock, valued at approximately $16,384,085.75. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,957 shares of company stock valued at $755,361 in the last quarter. Corporate insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently bought and sold shares of JAMF. GAMMA Investing LLC boosted its position in shares of Jamf by 32,950.0% during the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock worth $40,000 after acquiring an additional 3,295 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Jamf in the first quarter valued at approximately $41,000. Quarry LP boosted its holdings in Jamf by 148.7% in the first quarter. Quarry LP now owns 6,505 shares of the company's stock valued at $79,000 after purchasing an additional 3,889 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Jamf during the second quarter worth approximately $115,000. 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.