MobileIron Inc. (NASDAQ:MOBL) had its price objective decreased by Morgan Stanley from $7.00 to $2.75 in a research note released on Monday. Morgan Stanley currently has an equal weight rating on the stock.
A number of other analysts also recently weighed in on MOBL. Imperial Capital reiterated an outperform rating and set a $4.50 target price on shares of MobileIron in a research report on Monday, July 25th. Raymond James Financial Inc. reiterated a buy rating on shares of MobileIron in a research report on Thursday, June 2nd. Barclays PLC downgraded MobileIron from an overweight rating to an underweight rating and cut their target price for the company from $6.00 to $3.00 in a research report on Friday, July 15th. Finally, Wunderlich downgraded MobileIron from a buy rating to a hold rating and cut their target price for the company from $7.00 to $3.00 in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. MobileIron has a consensus rating of Hold and an average price target of $4.83.
MobileIron (NASDAQ:MOBL) opened at 2.575 on Monday. The company’s market cap is $192.22 million. The company has a 50-day moving average price of $3.06 and a 200 day moving average price of $3.48. MobileIron has a 12-month low of $2.56 and a 12-month high of $4.78.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The business earned $38.90 million during the quarter, compared to the consensus estimate of $37.94 million. MobileIron had a negative return on equity of 124.53% and a negative net margin of 51.22%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.25) EPS. On average, analysts forecast that MobileIron will post ($0.44) EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of MOBL. potrero capital research llc boosted its position in shares of MobileIron by 0.5% in the first quarter. potrero capital research llc now owns 909,062 shares of the company’s stock worth $4,109,000 after buying an additional 4,074 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of MobileIron by 11.6% in the second quarter. Teachers Advisors Inc. now owns 63,475 shares of the company’s stock worth $194,000 after buying an additional 6,594 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of MobileIron by 11.7% in the second quarter. California State Teachers Retirement System now owns 97,489 shares of the company’s stock worth $297,000 after buying an additional 10,203 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of MobileIron by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 199,575 shares of the company’s stock worth $608,000 after buying an additional 10,775 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its position in shares of MobileIron by 8.1% in the second quarter. BlackRock Investment Management LLC now owns 170,726 shares of the company’s stock worth $521,000 after buying an additional 12,831 shares during the last quarter. 51.62% of the stock is owned by institutional investors.
MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.
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