Jamf’s (JAMF) “Market Outperform” Rating Reaffirmed at JMP Securities

Jamf (NASDAQ:JAMF)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research note issued on Tuesday, Benzinga reports. They presently have a $30.00 price objective on the stock. JMP Securities’ price target points to a potential upside of 66.39% from the stock’s current price.

A number of other equities analysts also recently issued reports on JAMF. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday. The Goldman Sachs Group began coverage on Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Canaccord Genuity Group lowered their price target on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.38.

Jamf Stock Performance

Jamf stock traded down $0.67 during trading hours on Tuesday, hitting $18.03. 124,435 shares of the stock traded hands, compared to its average volume of 516,451. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50 day moving average price is $17.91 and its 200-day moving average price is $17.67. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -21.27, a P/E/G ratio of 7.64 and a beta of 0.41. Jamf has a 1 year low of $14.68 and a 1 year high of $21.41.

Jamf (NASDAQ:JAMF) last issued its earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $151.66 million. During the same quarter in the prior year, the business earned ($0.19) earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts expect that Jamf will post 0.04 EPS for the current fiscal year.

Insider Transactions at Jamf

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Jamf by 16.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 76,117 shares of the company’s stock worth $1,256,000 after purchasing an additional 10,557 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Jamf by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock valued at $685,000 after acquiring an additional 4,204 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in Jamf in the 2nd quarter valued at about $565,000. EVR Research LP increased its position in Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after acquiring an additional 1,160,000 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in Jamf in the 2nd quarter valued at about $449,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

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.