MobileIron Inc. (NASDAQ:MOBL) has earned an average rating of “Hold” from the ten brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.72.
Several research firms have commented on MOBL. Imperial Capital restated an “outperform” rating and set a $4.50 price objective on shares of MobileIron in a report on Monday, July 25th. Barclays PLC downgraded MobileIron from an “overweight” rating to an “underweight” rating and cut their price target for the company from $6.00 to $3.00 in a report on Friday, July 15th. Wunderlich downgraded MobileIron from a “buy” rating to a “hold” rating and cut their price target for the company from $7.00 to $3.00 in a report on Tuesday, September 13th. Finally, Morgan Stanley cut their price target on MobileIron from $7.00 to $2.75 and set an “equal weight” rating on the stock in a report on Monday, September 19th.
Shares of MobileIron (NASDAQ:MOBL) opened at 3.63 on Wednesday. The company’s 50-day moving average price is $2.93 and its 200-day moving average price is $3.35. The stock’s market cap is $270.97 million. MobileIron has a 52-week low of $2.56 and a 52-week high of $4.78.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. The company had revenue of $38.90 million for the quarter, compared to the consensus estimate of $37.94 million. MobileIron had a negative return on equity of 124.53% and a negative net margin of 51.22%. MobileIron’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted ($0.25) EPS. On average, equities research analysts forecast that MobileIron will post ($0.43) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of MOBL. Emerald Acquisition Ltd. acquired a new stake in MobileIron during the second quarter worth $107,000. A.R.T. Advisors LLC acquired a new stake in MobileIron during the second quarter worth $111,000. Teachers Advisors Inc. boosted its stake in 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 during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in MobileIron during the first quarter worth $238,000. Finally, California State Teachers Retirement System boosted its stake in MobileIron by 11.7% in the second quarter. California State Teachers Retirement System now owns 97,489 shares of the company’s stock worth $297,000 after buying an additional 10,203 shares during the last quarter. 51.62% of the stock is owned by hedge funds and other institutional investors.