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

Jamf (NASDAQ:JAMF - Free Report) had its price target reduced by Mizuho from $15.00 to $13.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also commented on the company. Morgan Stanley reduced their price target on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. 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. Barclays boosted their price target on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on Jamf from $18.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Bank of America cut their target price on Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Jamf currently has a consensus rating of "Moderate Buy" and an average price target of $17.91.

Jamf Trading Down 2.4%

JAMF traded down $0.20 during midday trading on Wednesday, hitting $8.12. The company's stock had a trading volume of 1,057,147 shares, compared to its average volume of 679,456. 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 cap of $1.07 billion, a P/E ratio of 101.50, a PEG ratio of 1.47 and a beta of 0.37. The firm has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $12.12. Jamf has a 52-week low of $7.95 and a 52-week high of $18.99.

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

Insider Transactions at Jamf

In related news, insider Elizabeth Benz sold 11,526 shares of the company'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 sale, the insider directly owned 347,249 shares of the company's stock, valued at approximately $3,715,564.30. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Beth Tschida sold 11,878 shares of the company'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 directly owned 475,932 shares in the company, valued at approximately $4,921,136.88. This represents a 2.43% 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. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jamf

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Jamf by 32,950.0% during the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company's stock valued at $40,000 after acquiring an additional 3,295 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Jamf during the 1st quarter worth $41,000. Quarry LP grew its stake in Jamf by 148.7% during the 1st quarter. Quarry LP now owns 6,505 shares of the company's stock worth $79,000 after buying an additional 3,889 shares during the last quarter. Canada Pension Plan Investment Board grew 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 worth $104,000 after buying an additional 2,500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Jamf during the 2nd quarter worth $115,000. 93.81% of the stock is owned by institutional investors and hedge funds.

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.