MobileIron, Inc. (MOBL) Stock Rating Reaffirmed by Instinet
A number of other equities analysts have also weighed in on MOBL. Morgan Stanley lowered 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, September 19th. Wunderlich increased their price target on MobileIron from $3.00 to $4.00 and gave the stock a hold rating in a research report on Friday, October 28th. Zacks Investment Research raised MobileIron from a hold rating to a strong-buy rating and set a $4.25 price target on the stock in a research report on Thursday, November 3rd. Finally, Northland Securities reissued an outperform rating and set a $6.00 price target on shares of MobileIron in a research report on Sunday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $4.69.
Shares of MobileIron (NASDAQ:MOBL) opened at 4.30 on Friday. The company’s market cap is $320.99 million. MobileIron has a 52-week low of $2.56 and a 52-week high of $4.78. The stock’s 50 day moving average price is $4.06 and its 200-day moving average price is $3.44.
MobileIron (NASDAQ:MOBL) last announced its earnings results on Thursday, October 27th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The company had revenue of $41.60 million for the quarter, compared to analyst estimates of $41.52 million. MobileIron had a negative return on equity of 124.35% and a negative net margin of 44.20%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.17) earnings per share. Equities analysts expect that MobileIron will post ($0.39) EPS for the current year.
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Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in shares of MobileIron by 0.9% in the third quarter. California State Teachers Retirement System now owns 98,389 shares of the company’s stock worth $271,000 after buying an additional 900 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of MobileIron by 0.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 672,070 shares of the company’s stock worth $1,848,000 after buying an additional 4,163 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of 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. Teachers Advisors LLC increased its stake in shares of MobileIron by 13.7% in the third quarter. Teachers Advisors LLC now owns 72,171 shares of the company’s stock worth $198,000 after buying an additional 8,696 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of MobileIron by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 199,575 shares of the company’s stock worth $608,000 after buying an additional 10,775 shares in the last quarter. 48.07% of the stock is currently owned by hedge funds and other institutional investors.
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.
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