Oppenheimer reiterated their buy rating on shares of Mimecast (NASDAQ:MIME) in a research note released on Monday. Oppenheimer currently has a $35.00 price objective on the technology company’s stock.

A number of other brokerages have also recently commented on MIME. Dougherty & Co lifted their target price on Mimecast from $32.00 to $36.00 and gave the stock a buy rating in a report on Monday, November 6th. Barclays lifted their target price on Mimecast from $31.00 to $34.00 and gave the stock an overweight rating in a report on Thursday, November 9th. Jefferies Group reiterated a buy rating and issued a $38.00 target price on shares of Mimecast in a report on Friday, November 10th. Royal Bank of Canada reiterated a buy rating and issued a $33.00 target price on shares of Mimecast in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut Mimecast from a hold rating to a sell rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $32.92.

Mimecast (MIME) opened at $28.44 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42. Mimecast has a 1-year low of $16.75 and a 1-year high of $32.00.

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Mimecast during the 2nd quarter valued at $104,000. Invictus RG purchased a new position in Mimecast during the 3rd quarter valued at $143,000. Bronfman E.L. Rothschild L.P. purchased a new position in Mimecast during the 3rd quarter valued at $200,000. US Bancorp DE boosted its holdings in Mimecast by 11.9% during the 2nd quarter. US Bancorp DE now owns 7,155 shares of the technology company’s stock valued at $192,000 after acquiring an additional 759 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Mimecast during the 2nd quarter valued at $290,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.

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Mimecast Company Profile

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

Analyst Recommendations for Mimecast (NASDAQ:MIME)

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