Jamf (NASDAQ:JAMF) Raised to "Buy" at Wall Street Zen

Key Points

• Jamf has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen.
• The company reported earnings of $0.18 per share, exceeding analysts' expectations of $0.17, with a revenue of $176.5 million during the last quarter.
• Institutional investors have significantly increased their holdings in Jamf, with Sunriver Management boosting its position by 46.9% during the second quarter.

Jamf (NASDAQ:JAMF - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings restated a "sell (e+)" rating on shares of Jamf in a research report on Saturday, September 27th. Morgan Stanley dropped their price objective on Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, September 2nd. Canaccord Genuity Group dropped their price objective on Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 8th. Barclays dropped their price objective on Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a report on Monday, July 21st. Finally, JMP Securities dropped their price objective on Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a report on Friday, August 8th.

Jamf Trading Up 2.4%

JAMF stock opened at $10.64 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of -27.28, a PEG ratio of 2.27 and a beta of 0.43. Jamf has a twelve month low of $7.09 and a twelve month high of $18.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $9.32 and a 200-day moving average of $10.10.

Jamf (NASDAQ:JAMF - Get Free Report) last released its 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 company had revenue of $176.50 million during the quarter, compared to the consensus estimate of $168.58 million. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The firm's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Jamf will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Sunriver Management LLC boosted its position in shares of Jamf by 46.9% during the second quarter. Sunriver Management LLC now owns 4,519,582 shares of the company's stock worth $42,981,000 after buying an additional 1,441,908 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Jamf by 133.1% during the second 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 period. Marshall Wace LLP boosted its position in shares of Jamf by 181.7% during the second 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 period. Northern Trust Corp boosted its position in shares of Jamf by 1.0% during the first 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 period. Finally, BNP Paribas Financial Markets boosted its position in shares of Jamf by 340.0% during the second 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 period. 93.81% of the stock is owned by institutional investors and hedge funds.

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.

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