Wedbush reaffirmed their neutral rating on shares of Jamba Inc. (NASDAQ:JMBA) in a research report released on Tuesday.
A number of other research firms also recently commented on JMBA. Zacks Investment Research downgraded Jamba from a hold rating to a strong sell rating in a research report on Wednesday, November 9th. TheStreet downgraded Jamba from a hold rating to a sell rating in a research report on Friday, August 5th. Finally, Royal Bank Of Canada restated an outperform rating and issued a $16.00 target price (up previously from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $16.00.
Shares of Jamba (NASDAQ:JMBA) opened at 10.25 on Tuesday. The stock’s market capitalization is $157.12 million. The company’s 50 day moving average price is $10.37 and its 200-day moving average price is $10.72. Jamba has a 52 week low of $9.25 and a 52 week high of $14.22.
Jamba (NASDAQ:JMBA) last announced its quarterly earnings data on Friday, November 4th. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.03. Jamba had a negative return on equity of 16.50% and a negative net margin of 18.96%. The company had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $21.94 million. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was down 37.7% compared to the same quarter last year. Equities research analysts predict that Jamba will post ($0.01) EPS for the current year.
In related news, SVP Rachel Phillips-Luther bought 2,970 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average cost of $10.10 per share, with a total value of $29,997.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Pace bought 10,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $9.96 per share, with a total value of $99,600.00. The disclosure for this purchase can be found here. 15.85% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in Jamba during the third quarter valued at approximately $122,000. Barclays PLC bought a new position in Jamba during the first quarter valued at approximately $327,000. First Foundation Advisors bought a new position in Jamba during the second quarter valued at approximately $478,000. BlackRock Investment Management LLC boosted its position in Jamba by 5.8% in the second quarter. BlackRock Investment Management LLC now owns 49,509 shares of the company’s stock valued at $509,000 after buying an additional 2,699 shares during the last quarter. Finally, Numeric Investors LLC boosted its position in Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock valued at $1,057,000 after buying an additional 66,622 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.