Weiss Ratings Reaffirms Sell (E+) Rating for Jamf (NASDAQ:JAMF)

Key Points

• Weiss Ratings has reiterated a "sell (E+)" rating for Jamf, indicating continued concerns about the company's performance.
• Recent price target reductions from multiple investment firms have brought Jamf's target down to as low as $10.00, reflecting caution from analysts.
• Despite a positive quarterly earnings report with revenue up 15.4% year-over-year, Jamf's stock performance remains under scrutiny with bearish sentiment from analysts.

Jamf (NASDAQ:JAMF - Get Free Report)'s stock had its "sell (e+)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

JAMF has been the subject of several other research reports. Barclays cut their price objective on Jamf from $15.00 to $10.00 and set an "equal weight" rating for the company in a report on Monday, July 21st. Morgan Stanley cut their price target on Jamf from $14.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, September 2nd. Bank of America cut their price target on Jamf from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. JPMorgan Chase & Co. cut their price target on Jamf from $15.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. Finally, Canaccord Genuity Group cut their price target on Jamf from $19.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 8th.

Jamf Stock Performance

Shares of JAMF opened at $10.50 on Wednesday. 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 has a one year low of $7.09 and a one year high of $18.00. The firm has a market capitalization of $1.38 billion, a P/E ratio of -26.92, a PEG ratio of 2.23 and a beta of 0.43. The business has a fifty day moving average of $9.46 and a 200 day moving average of $10.04.

Jamf (NASDAQ:JAMF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate 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 company had revenue of $176.50 million during the quarter, compared to analyst estimates of $168.58 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Jamf's revenue was up 15.4% compared to the same quarter last year. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Jamf will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Jamf

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Jamf by 14.3% in the first quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company's stock worth $6,723,000 after buying an additional 69,414 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Jamf in the first quarter worth about $328,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Jamf in the first quarter worth about $126,000. SG Americas Securities LLC lifted 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 worth $699,000 after buying an additional 28,394 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Jamf in the second quarter worth about $322,000. 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.

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