Mizuho Lowers Jamf (NASDAQ:JAMF) Price Target to $13.00

Jamf (NASDAQ:JAMF - Free Report) had its price objective trimmed by Mizuho from $15.00 to $13.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the company. Bank of America decreased their target price on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday. JMP Securities reissued a "market outperform" rating and set a $27.00 price target on shares of Jamf in a research report on Wednesday, May 28th. Morgan Stanley reduced their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Barclays increased their target price on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.91.

Jamf Trading Down 0.5%

NASDAQ JAMF traded down $0.04 on Wednesday, reaching $8.32. The company had a trading volume of 1,408,533 shares, compared to its average volume of 674,920. The stock's 50 day moving average is $9.95 and its 200-day moving average is $12.20. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -21.89, 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. Jamf has a 52 week low of $7.95 and a 52 week high of $19.05.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). Jamf had a negative net margin of 7.37% and a positive return on equity of 2.20%. The company had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Jamf will post 0.05 earnings per share for the current year.

Insider Activity

In related news, Director Dean Hager sold 27,720 shares of the business'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 $286,624.80. Following the completion of the transaction, the director directly owned 270,347 shares in the company, valued at $2,795,387.98. The trade was a 9.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth Benz sold 11,526 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $10.70, for a total transaction of $123,328.20. Following the completion of the transaction, the insider owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,957 shares of company stock valued at $755,361 in the last quarter. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently added to or reduced their stakes in the stock. Centiva Capital LP raised its stake in Jamf by 4.1% during the 4th quarter. Centiva Capital LP now owns 22,543 shares of the company's stock valued at $317,000 after buying an additional 898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Jamf by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,565 shares of the company's stock valued at $654,000 after buying an additional 1,754 shares during the last quarter. Versor Investments LP raised its stake in Jamf by 19.8% during the 1st quarter. Versor Investments LP now owns 12,100 shares of the company's stock valued at $147,000 after buying an additional 2,000 shares during the last quarter. Sei Investments Co. raised its stake in Jamf by 2.0% during the 4th quarter. Sei Investments Co. now owns 109,654 shares of the company's stock valued at $1,541,000 after buying an additional 2,104 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Jamf by 51.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after buying an additional 2,500 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

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.