Mobileiron (MOBL) Upgraded to “Hold” by BidaskClub

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

Separately, Zacks Investment Research cut shares of Mobileiron from a buy rating to a hold rating in a research note on Wednesday, January 2nd.

Shares of NASDAQ:MOBL traded up $0.02 during midday trading on Thursday, hitting $4.92. The stock had a trading volume of 16,776 shares, compared to its average volume of 834,494. The company has a market cap of $516.88 million, a price-to-earnings ratio of -11.64 and a beta of 1.75. Mobileiron has a 1 year low of $3.98 and a 1 year high of $5.71.

Mobileiron (NASDAQ:MOBL) last issued its earnings results on Thursday, February 7th. The software maker reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The business had revenue of $54.10 million for the quarter, compared to the consensus estimate of $54.40 million. Mobileiron had a negative net margin of 22.30% and a negative return on equity of 76.61%. The company’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mobileiron will post -0.32 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new position in Mobileiron during the fourth quarter worth about $50,000. GSA Capital Partners LLP acquired a new position in Mobileiron during the fourth quarter worth about $68,000. Metropolitan Life Insurance Co. NY raised its position in Mobileiron by 290.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,024 shares of the software maker’s stock worth $97,000 after acquiring an additional 15,637 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Mobileiron during the fourth quarter worth about $101,000. Finally, Stone Ridge Asset Management LLC raised its position in Mobileiron by 59.3% during the fourth quarter. Stone Ridge Asset Management LLC now owns 24,326 shares of the software maker’s stock worth $112,000 after acquiring an additional 9,055 shares during the last quarter. Institutional investors own 60.62% of the company’s stock.

Mobileiron Company Profile

MobileIron, Inc 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. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

Read More: Sell-Side Analysts

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