JMP Securities Reiterates Market Outperform Rating for Jamf (NASDAQ:JAMF)

JMP Securities reiterated their market outperform rating on shares of Jamf (NASDAQ:JAMF) in a report issued on Tuesday, Benzinga reports. The brokerage currently has a $30.00 price target on the stock.

JAMF has been the topic of a number of other reports. Canaccord Genuity Group decreased their price objective on Jamf from $24.00 to $21.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC restated a buy rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday. Finally, The Goldman Sachs Group started coverage on Jamf in a research report on Tuesday, September 3rd. They set a neutral rating and a $21.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Jamf currently has an average rating of Moderate Buy and a consensus target price of $23.38.

Jamf Price Performance

Shares of Jamf stock opened at $17.50 on Tuesday. The stock has a 50 day moving average of $17.82 and a 200 day moving average of $17.66. Jamf has a 12 month low of $14.68 and a 12 month high of $21.41. The firm has a market cap of $2.25 billion, a PE ratio of -20.59, a PEG ratio of 8.20 and a beta of 0.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $153.02 million for the quarter, compared to the consensus estimate of $151.66 million. During the same period in the prior year, the business posted ($0.19) earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts expect that Jamf will post 0.04 EPS for the current fiscal year.

Insider Transactions at Jamf

In related news, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the transaction, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Beth Tschida sold 1,696 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the transaction, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Linh Lam sold 5,445 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JAMF. Versant Capital Management Inc grew its stake in Jamf by 17,830.8% in the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after purchasing an additional 2,318 shares in the last quarter. Fifth Third Bancorp bought a new stake in Jamf during the 2nd quarter valued at $45,000. Assetmark Inc. boosted its position in Jamf by 20.6% during the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after acquiring an additional 559 shares in the last quarter. EntryPoint Capital LLC boosted its position in Jamf by 40.0% during the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after acquiring an additional 949 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Jamf by 33.4% during the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after acquiring an additional 1,043 shares in the last quarter. 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.