Jamf’s (JAMF) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Jamf (NASDAQ:JAMF) in a report published on Tuesday, Benzinga reports. Needham & Company LLC currently has a $25.00 price objective on the stock.

A number of other brokerages also recently issued reports on JAMF. Canaccord Genuity Group reduced their price objective on shares of Jamf from $24.00 to $21.00 and set a buy rating for the company in a research report on Thursday, August 8th. JMP Securities reaffirmed a market outperform rating and issued a $30.00 target price on shares of Jamf in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group assumed coverage on Jamf in a report on Tuesday, September 3rd. They set a neutral rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $23.38.

Jamf Stock Performance

Shares of Jamf stock opened at $17.49 on Tuesday. The company has a market cap of $2.25 billion, a PE ratio of -20.58, a price-to-earnings-growth ratio of 7.64 and a beta of 0.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. Jamf has a 52 week low of $14.68 and a 52 week high of $21.41. The business has a 50 day moving average price of $17.91 and a 200-day moving average price of $17.67.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The business had revenue of $153.02 million for the quarter, compared to analysts’ expectations of $151.66 million. During the same period last year, the business earned ($0.19) EPS. The business’s revenue was up 13.3% on a year-over-year basis. Equities analysts anticipate that Jamf will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Linh Lam sold 5,445 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the transaction, the insider now owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jamf news, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in Jamf by 17,830.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after purchasing an additional 2,318 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Jamf in the second quarter worth $45,000. Assetmark Inc. boosted its stake in Jamf by 20.6% during the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after buying an additional 559 shares during the period. EntryPoint Capital LLC grew its position in Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after buying an additional 949 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Jamf by 33.4% in the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after acquiring an additional 1,043 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

About Jamf

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.