Jamf (NASDAQ:JAMF) Trading 5% Higher - Here's What Happened

Key Points

• Jamf's stock price increased by 5% to $11.19, despite a significant decline in trading volume from the average session.
• Analysts have varying target prices for Jamf, with Needham & Company setting the highest at $20.00 and others decreasing their estimates.
• Jamf reported positive quarterly earnings with a revenue increase of 15.4% year-over-year, beating consensus estimates.

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) shares shot up 5% during mid-day trading on Tuesday . The stock traded as high as $11.00 and last traded at $11.19. 275,556 shares changed hands during trading, a decline of 74% from the average session volume of 1,062,059 shares. The stock had previously closed at $10.66.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JAMF shares. Mizuho set a $12.00 target price on shares of Jamf in a research report on Friday, August 8th. Barclays reduced their price target on shares of Jamf from $15.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Monday, July 21st. Bank of America lowered their price objective on shares of Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Finally, Morgan Stanley decreased their target price on shares of Jamf from $14.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 2nd.

Jamf Price Performance

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 stock's 50 day moving average price is $8.81 and its two-hundred day moving average price is $10.28. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -28.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.39.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The firm had revenue of $176.50 million for 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 company's revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Jamf

Institutional investors have recently modified their holdings of the business. Caxton Associates LLP purchased a new stake in shares of Jamf in the first quarter valued at approximately $328,000. Goldman Sachs Group Inc. raised its position in Jamf by 14.3% during the first quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company's stock worth $6,723,000 after acquiring an additional 69,414 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Jamf during the first quarter worth $126,000. Cetera Investment Advisers purchased a new position in Jamf during the fourth quarter valued at $145,000. Finally, SG Americas Securities LLC grew its position in shares of Jamf by 97.6% in the first quarter. SG Americas Securities LLC now owns 57,493 shares of the company's stock valued at $699,000 after purchasing an additional 28,394 shares during the period. 93.81% of the stock is currently 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.