Jamf Holding Corp. (NASDAQ:JAMF) Given Average Recommendation of “N/A” by Brokerages

Jamf Holding Corp. (NASDAQ:JAMF) has earned a consensus recommendation of “N/A” from the zero brokerages that are covering the firm, MarketBeat reports.

Several research firms recently issued reports on JAMF. Canaccord Genuity Group lowered their price objective on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Jamf in a report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Friday, October 4th. Morgan Stanley began coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on Jamf in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective on the stock.

Jamf Price Performance

Shares of Jamf stock opened at $16.80 on Wednesday. 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 twelve month low of $14.68 and a twelve month high of $21.41. The business has a 50-day moving average price of $17.35 and a 200 day moving average price of $17.43. The firm has a market cap of $2.14 billion, a PE ratio of -23.66, a P/E/G ratio of 8.76 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results 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 firm had revenue of $153.02 million during the quarter, compared to analyst estimates of $151.66 million. During the same quarter in the previous year, the business earned ($0.19) EPS. Jamf’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts predict that Jamf will post 0.03 earnings per share for the current fiscal year.

Insider Activity at Jamf

In related news, insider Linh Lam sold 7,702 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the transaction, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EVR Research LP raised its position in Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after purchasing an additional 1,160,000 shares during the period. Marshall Wace LLP raised its position in Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after purchasing an additional 982,764 shares during the period. Kopp LeRoy C purchased a new stake in Jamf in the first quarter valued at approximately $7,385,000. Principal Financial Group Inc. raised its position in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares during the period. Finally, Washington Harbour Partners LP purchased a new stake in Jamf in the first quarter valued at approximately $2,628,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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.