Mimecast Ltd. (NASDAQ:MIME) – Analysts at Oppenheimer Holdings raised their FY2019 EPS estimates for shares of Mimecast in a research note issued to investors on Thursday. Oppenheimer Holdings analyst S. Eyal now anticipates that the brokerage will earn $0.07 per share for the year, up from their prior forecast of $0.03. Oppenheimer Holdings has a “Outperform” rating and a $25.00 price objective on the stock.
A number of other analysts also recently issued reports on MIME. Dougherty & Co lifted their price target on Mimecast from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Jefferies Group lifted their price target on Mimecast to $29.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Mimecast from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Barclays PLC lifted their price target on Mimecast from $16.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, October 3rd. Finally, JPMorgan Chase & Co. began coverage on Mimecast in a research report on Friday, October 14th. They set an “overweight” rating for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.07.
Mimecast (NASDAQ:MIME) opened at 22.37 on Monday. The firm’s market cap is $1.23 billion. The stock has a 50 day moving average of $19.62 and a 200-day moving average of $13.55. Mimecast has a 12 month low of $6.01 and a 12 month high of $24.00.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.07. The firm had revenue of $44.40 million for the quarter, compared to the consensus estimate of $41.81 million. Mimecast had a negative net margin of 1.64% and a negative return on equity of 3.32%. During the same quarter in the previous year, the company earned $0.04 EPS.
Several institutional investors have recently made changes to their positions in MIME. Wells Fargo & Company MN boosted its position in shares of Mimecast by 22.3% in the third quarter. Wells Fargo & Company MN now owns 27,388 shares of the company’s stock worth $525,000 after buying an additional 4,994 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Mimecast by 11.8% in the second quarter. GSA Capital Partners LLP now owns 85,008 shares of the company’s stock worth $851,000 after buying an additional 8,976 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Mimecast during the third quarter worth $184,000. Barclays PLC boosted its position in shares of Mimecast by 70.2% in the first quarter. Barclays PLC now owns 29,100 shares of the company’s stock worth $262,000 after buying an additional 12,000 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Mimecast during the second quarter worth $162,000. 32.28% of the stock is currently owned by institutional investors.
Mimecast Company Profile