Jamf (NASDAQ:JAMF) Trading Down 4.8% - Should You Sell?

Key Points

• Jamf Holding Corp.'s stock price declined by 4.8%, reaching a last trading price of $9.86, with a significant decrease in trading volume compared to its average.
• Several analysts have lowered their price targets for Jamf, with Barclays reducing its target from $15.00 to $10.00 and JMP Securities from $27.00 to $18.00, indicating a cautious outlook.
• The company reported a quarterly revenue increase of 15.4% year-over-year, with earnings per share of $0.18, slightly above analyst estimates of $0.17.

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report)'s stock price dropped 4.8% on Tuesday . The company traded as low as $9.88 and last traded at $9.86. Approximately 724,568 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 1,154,614 shares. The stock had previously closed at $10.35.

Analyst Upgrades and Downgrades

JAMF has been the subject of a number of recent research reports. Barclays dropped their target price on Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a research report on Monday, July 21st. Mizuho set a $12.00 target price on Jamf in a research report on Friday, August 8th. JMP Securities lowered their price objective on Jamf from $27.00 to $18.00 and set a "market outperform" rating for the company in a research report on Friday, August 8th. Bank of America lowered their price objective on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Finally, Morgan Stanley lowered their price objective on Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 2nd.

Jamf Stock Performance

The stock has a market capitalization of $1.30 billion, a PE ratio of -25.28, a PEG ratio of 2.22 and a beta of 0.43. The business has a 50 day moving average price of $9.62 and a 200 day moving average price of $9.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.45.

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

Institutional Investors Weigh In On Jamf

A number of institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH grew its stake in shares of Jamf by 1.9% in the second quarter. Allianz Asset Management GmbH now owns 77,702 shares of the company's stock worth $739,000 after acquiring an additional 1,440 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Jamf by 1.3% during the second quarter. Engineers Gate Manager LP now owns 123,614 shares of the company's stock valued at $1,176,000 after buying an additional 1,556 shares during the last quarter. Fox Run Management L.L.C. increased its holdings in Jamf by 6.7% in the 2nd quarter. Fox Run Management L.L.C. now owns 29,541 shares of the company's stock worth $281,000 after buying an additional 1,854 shares in the last quarter. Versor Investments LP increased its holdings in Jamf by 19.8% in the 1st quarter. Versor Investments LP now owns 12,100 shares of the company's stock worth $147,000 after buying an additional 2,000 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Jamf by 2.2% in the 1st quarter. Rhumbline Advisers now owns 116,785 shares of the company's stock worth $1,419,000 after buying an additional 2,522 shares in the last quarter. 93.81% of the stock is owned by hedge funds and other 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.

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