Mobileiron (NASDAQ:MOBL) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Mobileiron (NASDAQ:MOBL) from a sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California. “

Other equities analysts also recently issued research reports about the company. Northland Securities reissued a buy rating on shares of Mobileiron in a research report on Friday, November 1st. BidaskClub downgraded Mobileiron from a sell rating to a strong sell rating in a research report on Tuesday, October 22nd. Finally, ValuEngine lowered Mobileiron from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Mobileiron presently has an average rating of Hold and a consensus target price of $8.81.

Shares of MOBL opened at $4.78 on Tuesday. Mobileiron has a 12-month low of $4.11 and a 12-month high of $7.79. The stock has a market cap of $525.13 million, a P/E ratio of -11.38 and a beta of 1.53. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $5.31 and a two-hundred day moving average of $6.14.

Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). Mobileiron had a negative return on equity of 100.03% and a negative net margin of 23.43%. The business had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $52.65 million. During the same period last year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that Mobileiron will post -0.35 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of MOBL. GSA Capital Partners LLP boosted its holdings in shares of Mobileiron by 9.0% during the second quarter. GSA Capital Partners LLP now owns 36,423 shares of the software maker’s stock worth $226,000 after purchasing an additional 3,021 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its position in Mobileiron by 17.1% during the third quarter. Metropolitan Life Insurance Co NY now owns 24,553 shares of the software maker’s stock worth $161,000 after buying an additional 3,579 shares during the period. Meeder Asset Management Inc. boosted its stake in Mobileiron by 1,740.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,307 shares of the software maker’s stock worth $28,000 after buying an additional 4,073 shares during the last quarter. Quantamental Technologies LLC boosted its stake in Mobileiron by 56.7% in the 2nd quarter. Quantamental Technologies LLC now owns 13,160 shares of the software maker’s stock worth $82,000 after buying an additional 4,760 shares during the last quarter. Finally, Aperio Group LLC purchased a new stake in Mobileiron in the 2nd quarter valued at about $41,000. Institutional investors own 64.45% of the company’s stock.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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