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

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $8.01 and last traded at $8.12, with a volume of 85455 shares changing hands. The stock had previously closed at $8.09.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Needham & Company LLC cut their price objective on Jamf from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday. JMP Securities reissued a "market outperform" rating and set a $27.00 price objective on shares of Jamf in a report on Wednesday, May 28th. Barclays raised their price objective on Jamf from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Mizuho lowered their target price on Jamf from $15.00 to $13.00 and set an "outperform" rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jamf presently has an average rating of "Moderate Buy" and an average price target of $18.18.

Jamf Stock Performance

The company has a 50-day moving average of $9.95 and a 200-day moving average of $12.20. 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 firm has a market capitalization of $1.10 billion, a P/E ratio of -21.84, a price-to-earnings-growth ratio of 1.47 and a beta of 0.37.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. During the same period last year, the business posted $0.14 earnings per share. The business's revenue was up 10.2% on a year-over-year basis. On average, equities analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Beth Tschida sold 11,878 shares of Jamf stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $122,818.52. Following the completion of the transaction, the insider directly owned 475,932 shares of the company's stock, valued at approximately $4,921,136.88. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth Benz sold 11,526 shares of Jamf stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total value of $123,328.20. Following the completion of the transaction, the insider directly owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,957 shares of company stock valued at $755,361. Insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of Jamf in the 1st quarter valued at about $126,000. Cetera Investment Advisers acquired a new stake in shares of Jamf in the 4th quarter valued at about $145,000. SG Americas Securities LLC grew its stake in shares of Jamf by 97.6% in the 1st 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 acquired a new stake in shares of Jamf in the 4th quarter valued at about $931,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Jamf in the 4th quarter valued at about $158,000. 93.81% of the stock is owned by institutional investors.

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.