Jamf (NASDAQ:JAMF) Stock Rating Reaffirmed by Needham & Company LLC

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued on Thursday, Benzinga reports. They presently have a $25.00 target price on the stock. Needham & Company LLC’s price target suggests a potential upside of 26.84% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Barclays increased their target price on shares of Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of Jamf in a research report on Thursday, March 14th. Finally, Mizuho lifted their price target on Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Jamf Stock Down 6.1 %

Shares of NASDAQ:JAMF opened at $19.71 on Thursday. The company has a market capitalization of $2.53 billion, a PE ratio of -22.15 and a beta of 0.47. Jamf has a 1 year low of $14.83 and a 1 year high of $22.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $18.16.

Jamf (NASDAQ:JAMF) last released its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $152.12 million for the quarter, compared to analysts’ expectations of $149.21 million. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) earnings per share. Analysts forecast that Jamf will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Jamf

In other news, insider Linh Lam sold 2,200 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total value of $44,066.00. Following the transaction, the insider now owns 200,585 shares of the company’s stock, valued at approximately $4,017,717.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Linh Lam sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $20.03, for a total value of $44,066.00. Following the completion of the sale, the insider now owns 200,585 shares in the company, valued at approximately $4,017,717.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff Lendino sold 3,936 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.90, for a total transaction of $70,454.40. Following the completion of the sale, the insider now owns 254,926 shares of the company’s stock, valued at $4,563,175.40. The disclosure for this sale can be found here. Insiders have sold a total of 239,323 shares of company stock valued at $4,393,336 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its position in shares of Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after acquiring an additional 559 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Jamf in the 4th quarter valued at approximately $163,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jamf during the 4th quarter valued at $184,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Jamf by 73.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock valued at $224,000 after purchasing an additional 5,264 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Jamf by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock valued at $233,000 after buying an additional 1,000 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.