Jamf (NASDAQ:JAMF) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Jamf (NASDAQ:JAMF) in a research report sent to investors on Friday, Benzinga reports. They currently have a $25.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. JMP Securities restated a market outperform rating and set a $30.00 target price on shares of Jamf in a research note on Tuesday, October 1st. The Goldman Sachs Group started coverage on shares of Jamf in a research note on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price objective for the company. Finally, Canaccord Genuity Group lowered their target price on shares of Jamf from $24.00 to $21.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $23.38.

Jamf Trading Up 3.4 %

Shares of Jamf stock opened at $17.27 on Friday. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The company’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $17.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $2.22 billion, a PE ratio of -20.32, a P/E/G ratio of 8.20 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $151.66 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Jamf’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Jamf will post 0.04 earnings per share for the current year.

Insider Activity at Jamf

In other Jamf news, insider Beth Tschida sold 1,696 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $18.76, for a total transaction of $31,816.96. Following the completion of the transaction, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the sale, the insider now directly owns 333,631 shares in the company, valued at approximately $6,258,917.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linh Lam sold 5,445 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the transaction, the insider now owns 195,140 shares of the company’s stock, valued at $3,582,770.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jamf

Several large investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of Jamf by 17,830.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after buying an additional 2,318 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Jamf in the 2nd quarter valued at about $45,000. EntryPoint Capital LLC grew its position in Jamf by 40.0% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after acquiring an additional 949 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Jamf by 33.4% during the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Jamf in the 2nd quarter valued at approximately $81,000. 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.