Jamf (NASDAQ:JAMF) Stock Rating Reaffirmed by JMP Securities

Jamf (NASDAQ:JAMF)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $30.00 price objective on the stock. JMP Securities’ price objective suggests a potential upside of 75.75% from the company’s current price.

Several other brokerages have also issued reports on JAMF. Canaccord Genuity Group decreased their target price on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. 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 for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jamf presently has a consensus rating of “Moderate Buy” and an average target price of $23.38.

Jamf Trading Down 1.6 %

NASDAQ:JAMF traded down $0.28 during trading hours on Tuesday, hitting $17.07. The company had a trading volume of 11,639 shares, compared to its average volume of 512,744. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. Jamf has a 52 week low of $14.68 and a 52 week high of $21.41. The company has a market capitalization of $2.19 billion, a PE ratio of -20.13, a price-to-earnings-growth ratio of 8.20 and a beta of 0.41. The stock has a 50-day moving average price of $17.80 and a 200 day moving average price of $17.65.

Jamf (NASDAQ:JAMF) last announced its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The firm had revenue of $153.02 million for the quarter, compared to analyst estimates of $151.66 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Jamf will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Jamf news, insider Beth Tschida sold 1,696 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were 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 in the company, valued at approximately $6,258,917.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Linh Lam sold 5,445 shares of the 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 sale, the insider now directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $31,816.96. Following the completion of the sale, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Jamf

A number of institutional investors have recently made changes to their positions in JAMF. Wellington Management Group LLP raised its holdings in shares of Jamf by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock valued at $142,158,000 after purchasing an additional 462,257 shares during the last quarter. Vanguard Group Inc. raised its stake in Jamf by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock valued at $135,923,000 after buying an additional 129,489 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jamf by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company’s stock valued at $30,216,000 after buying an additional 15,946 shares during the period. EVR Research LP boosted its stake in shares of Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Jamf by 9.8% in the second quarter. Principal Financial Group Inc. now owns 1,087,669 shares of the company’s stock worth $17,947,000 after acquiring an additional 97,120 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Company Profile

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.