Jamf (NASDAQ:JAMF) Receives Buy Rating from Needham & Company LLC

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reissued by Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Needham & Company LLC’s price objective points to a potential upside of 73.61% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on JAMF. Barclays reduced their price target on Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Morgan Stanley assumed coverage on shares of Jamf in a research note on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Finally, Piper Sandler decreased their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.44.

Jamf Price Performance

JAMF stock opened at $14.40 on Tuesday. The firm has a 50-day moving average of $14.66 and a 200 day moving average of $16.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1.84 billion, a P/E ratio of -26.18, a PEG ratio of 0.99 and a beta of 0.37. Jamf has a 1 year low of $13.40 and a 1 year high of $21.41.

Institutional Trading of Jamf

Several institutional investors have recently added to or reduced their stakes in the business. EVR Research LP increased its holdings in Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Jamf by 2,977.5% during the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after acquiring an additional 982,764 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Jamf by 6.0% in the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after acquiring an additional 565,008 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares during the last quarter. Finally, Crestwood Capital Management L.P. bought a new position in Jamf during the third quarter valued at approximately $3,470,000. 93.81% of the stock is currently owned by hedge funds and other 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.