Needham & Company LLC Reaffirms “Buy” Rating for Jamf (NASDAQ:JAMF)

Needham & Company LLC restated their buy rating on shares of Jamf (NASDAQ:JAMF) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $25.00 price target on the stock.

JAMF has been the topic of a number of other research reports. The Goldman Sachs Group began coverage on Jamf in a research note on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price target on the stock. JMP Securities reaffirmed a market outperform rating and issued a $30.00 price objective on shares of Jamf in a report on Wednesday, September 18th. Finally, 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 report on Thursday, August 8th. Two 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 a consensus rating of Moderate Buy and a consensus target price of $23.38.

Jamf Stock Up 0.1 %

JAMF opened at $17.50 on Tuesday. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The stock’s fifty day simple moving average is $17.82 and its 200 day simple moving average is $17.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.25 billion, a PE ratio of -20.59, a price-to-earnings-growth ratio of 8.20 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last posted its quarterly 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 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 analysts’ expectations of $151.66 million. During the same quarter in the prior year, the business earned ($0.19) EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, research analysts expect that Jamf will post 0.04 earnings per share for the current year.

Insider Transactions at Jamf

In other 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 approximately $3,582,770.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Beth Tschida sold 1,696 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the sale, the insider now directly owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $99,970.20. Following the sale, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Jamf

Several large investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after buying an additional 559 shares in the last quarter. EntryPoint Capital LLC boosted its stake in Jamf by 40.0% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after buying an additional 949 shares in the last quarter. ProShare Advisors LLC boosted its stake in Jamf by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock valued at $233,000 after buying an additional 1,000 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Jamf by 33.4% in the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after buying an additional 1,043 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jamf by 14.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock valued at $234,000 after buying an additional 1,755 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

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.