BidaskClub upgraded shares of Mobileiron (NASDAQ:MOBL) from a sell rating to a hold rating in a research note released on Thursday morning.

Separately, Zacks Investment Research upgraded Mobileiron from a hold rating to a buy rating and set a $5.50 target price for the company in a research note on Thursday, January 24th.

MOBL stock opened at $5.02 on Thursday. The company has a market capitalization of $516.88 million, a price-to-earnings ratio of -11.95 and a beta of 1.75. Mobileiron has a twelve month low of $3.98 and a twelve month high of $5.71.

Mobileiron (NASDAQ:MOBL) last issued its earnings results on Thursday, February 7th. The software maker reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Mobileiron had a negative return on equity of 76.61% and a negative net margin of 22.30%. The company had revenue of $54.10 million during the quarter, compared to the consensus estimate of $54.40 million. Mobileiron’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Mobileiron will post -0.32 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of MOBL. Legal & General Group Plc boosted its stake in shares of Mobileiron by 38.4% during the 3rd quarter. Legal & General Group Plc now owns 2,218,021 shares of the software maker’s stock worth $11,756,000 after acquiring an additional 615,148 shares during the period. Millennium Management LLC boosted its stake in shares of Mobileiron by 55.1% during the 4th quarter. Millennium Management LLC now owns 1,350,118 shares of the software maker’s stock worth $6,197,000 after acquiring an additional 479,706 shares during the period. ACK Asset Management LLC bought a new position in shares of Mobileiron during the 3rd quarter worth approximately $2,541,000. BlackRock Inc. boosted its stake in shares of Mobileiron by 9.4% during the 3rd quarter. BlackRock Inc. now owns 5,103,339 shares of the software maker’s stock worth $27,047,000 after acquiring an additional 437,923 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Mobileiron by 18.1% during the 3rd quarter. Renaissance Technologies LLC now owns 2,377,500 shares of the software maker’s stock worth $12,601,000 after acquiring an additional 365,100 shares during the period. Institutional investors own 60.62% of the company’s stock.

About Mobileiron

MobileIron, Inc, together with its subsidiaries, provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally.

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