Jamf (NASDAQ:JAMF) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Jamf (NASDAQ:JAMF) in a report issued on Monday morning, Marketbeat.com reports. The firm issued an equal weight rating and a $20.00 price objective on the stock.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group assumed coverage on shares of Jamf in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Friday, October 4th. Canaccord Genuity Group dropped 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. Finally, JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Jamf Trading Down 1.6 %

Shares of NASDAQ JAMF opened at $16.69 on Monday. The stock has a market capitalization of $2.14 billion, a P/E ratio of -19.64, a PEG ratio of 7.40 and a beta of 0.41. The stock’s 50 day moving average price is $17.60 and its two-hundred day moving average price is $17.56. 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.

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

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 5,445 shares of the business’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 owns 195,140 shares in the company, valued at approximately $3,582,770.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Jamf

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of Jamf by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares during the period. Vanguard Group Inc. lifted its position in Jamf by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock worth $135,923,000 after purchasing an additional 129,489 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 15,946 shares in the last quarter. EVR Research LP increased its position in shares of Jamf by 282.9% during the 2nd 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. Finally, Principal Financial Group Inc. increased its position in shares of Jamf by 9.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,087,669 shares of the company’s stock valued at $17,947,000 after purchasing an additional 97,120 shares during the period. 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.