Jamf (NASDAQ:JAMF) Sets New 1-Year Low - What's Next?

Shares of Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) hit 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 traded. The stock had previously closed at $8.09.

Analysts Set New Price Targets

Several brokerages have weighed in on JAMF. Mizuho set a $15.00 target price on shares of Jamf in a research note on Wednesday, April 16th. Morgan Stanley lowered 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 note on Wednesday, April 16th. Barclays increased their target price on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. JMP Securities reaffirmed a "market outperform" rating and set a $27.00 target price on shares of Jamf in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Jamf presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Jamf Price Performance

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -21.27, a PEG ratio of 1.47 and a beta of 0.37. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.50. The company's 50-day moving average price is $10.13 and its 200-day moving average price is $12.30.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its earnings results 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). The firm had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. On average, equities research analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current year.

Insider Activity

In related news, insider Beth Tschida sold 11,878 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 value of $122,818.52. Following the sale, the insider owned 475,932 shares of the company's stock, valued at $4,921,136.88. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the director directly owned 270,347 shares in the company, valued at approximately $2,795,387.98. This trade represents a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,957 shares of company stock worth $755,361 in the last ninety days. 2.70% of the stock is owned by insiders.

Institutional Trading of Jamf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAMF. Sunriver Management LLC acquired a new stake in Jamf during the first quarter worth approximately $37,394,000. Wellington Management Group LLP raised its holdings in Jamf by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after purchasing an additional 841,239 shares in the last quarter. Palisade Capital Management LP acquired a new stake in Jamf during the first quarter worth approximately $7,567,000. Clearbridge Investments LLC raised its holdings in Jamf by 20.2% during the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after purchasing an additional 409,531 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in Jamf by 280.7% during the first quarter. Cubist Systematic Strategies LLC now owns 545,484 shares of the company's stock worth $6,628,000 after purchasing an additional 402,187 shares in the last quarter. 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.

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