Jamf (NASDAQ:JAMF) Price Target Lowered to $19.00 at Royal Bank of Canada

Jamf (NASDAQ:JAMF) had its price objective dropped by investment analysts at Royal Bank of Canada from $23.00 to $19.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 30.45% from the stock’s current price.

Several other equities research analysts also recently issued reports on JAMF. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday. Morgan Stanley began coverage on Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 target price on the stock. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Barclays dropped their target price on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. Finally, JMP Securities restated a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jamf currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Jamf Stock Up 1.1 %

JAMF traded up $0.17 during midday trading on Tuesday, reaching $14.57. 44,000 shares of the company were exchanged, compared to its average volume of 543,632. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company’s fifty day moving average price is $14.66 and its 200 day moving average price is $16.49. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -26.48, a price-to-earnings-growth ratio of 0.99 and a beta of 0.37. Jamf has a one year low of $13.40 and a one year high of $21.41.

Institutional Trading of Jamf

Large investors have recently modified their holdings of the business. Crestwood Capital Management L.P. bought a new stake in shares of Jamf in the third quarter worth about $3,470,000. Franklin Resources Inc. grew its stake in shares of Jamf by 8.0% in the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after purchasing an additional 38,429 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock worth $30,391,000 after purchasing an additional 134,314 shares during the last quarter. Atom Investors LP boosted its position in Jamf by 213.4% during the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after acquiring an additional 89,901 shares in the last quarter. Finally, 272 Capital LP boosted its position in Jamf by 41.4% during the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock valued at $2,507,000 after acquiring an additional 44,486 shares in the last quarter. 93.81% of the stock is owned by institutional investors.

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.