Shares of MobileIron Inc. (NASDAQ:MOBL) fell 1.2% on Wednesday . The stock traded as low as $2.56 and last traded at $2.57, with a volume of 471,609 shares changing hands. The stock had previously closed at $2.60.

Several research firms recently weighed in on MOBL. Imperial Capital restated an “outperform” rating and set a $4.50 price target on shares of MobileIron in a report on Monday, July 25th. Barclays PLC lowered MobileIron from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $6.00 to $3.00 in a research note on Friday, July 15th. Raymond James Financial Inc. reiterated a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. Wunderlich lowered MobileIron from a “buy” rating to a “hold” rating and reduced their target price for the stock from $7.00 to $3.00 in a research note on Tuesday, September 13th. Finally, Morgan Stanley reduced their target price on MobileIron from $7.00 to $2.75 and set an “equal weight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. MobileIron presently has an average rating of “Hold” and an average target price of $4.83.

The firm’s market cap is $192.22 million. The firm has a 50 day moving average price of $3.06 and a 200-day moving average price of $3.48.

MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. MobileIron had a negative return on equity of 124.53% and a negative net margin of 51.22%. The company had revenue of $38.90 million for the quarter, compared to the consensus estimate of $37.94 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that MobileIron Inc. will post ($0.44) EPS for the current year.

A number of large investors have recently bought and sold shares of MOBL. Emerald Acquisition Ltd. acquired a new stake in MobileIron during the second quarter worth approximately $107,000. A.R.T. Advisors LLC acquired a new stake in MobileIron during the second quarter worth approximately $111,000. Teachers Advisors Inc. increased its stake in MobileIron by 11.6% in the second quarter. Teachers Advisors Inc. now owns 63,475 shares of the company’s stock worth $194,000 after buying an additional 6,594 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in MobileIron during the first quarter worth approximately $238,000. Finally, California State Teachers Retirement System increased its stake in MobileIron by 11.7% in the second quarter. California State Teachers Retirement System now owns 97,489 shares of the company’s stock worth $297,000 after buying an additional 10,203 shares in the last quarter. Institutional investors own 51.62% of the company’s stock.

MobileIron Company Profile

MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.

5 Day Chart for NASDAQ:MOBL

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