BidaskClub upgraded shares of Mimecast (NASDAQ:MIME) from a sell rating to a hold rating in a report published on Thursday morning.

A number of other brokerages also recently issued reports on MIME. Dougherty & Co increased their price target on shares of Mimecast from $32.00 to $36.00 and gave the stock a buy rating in a report on Monday, November 6th. Barclays raised their target price on shares of Mimecast from $31.00 to $34.00 and gave the company an overweight rating in a research note on Thursday, November 9th. Jefferies Group reaffirmed a buy rating and issued a $38.00 target price on shares of Mimecast in a research note on Friday, November 10th. Royal Bank of Canada reaffirmed a buy rating and issued a $33.00 target price on shares of Mimecast in a research note on Wednesday, October 18th. Finally, Oppenheimer reiterated a buy rating and set a $35.00 price target (up from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Mimecast has a consensus rating of Buy and a consensus price target of $32.92.

Shares of Mimecast (MIME) opened at $28.40 on Thursday. Mimecast has a fifty-two week low of $16.75 and a fifty-two week high of $32.00. The stock has a market cap of $1,650.00 and a PE ratio of -167.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42.

A number of large investors have recently added to or reduced their stakes in MIME. Brown Advisory Inc. lifted its position in Mimecast by 23.1% during the third quarter. Brown Advisory Inc. now owns 1,671,109 shares of the technology company’s stock valued at $47,492,000 after buying an additional 313,455 shares during the period. Columbus Circle Investors raised its position in shares of Mimecast by 35.1% in the 3rd quarter. Columbus Circle Investors now owns 984,785 shares of the technology company’s stock worth $27,988,000 after purchasing an additional 256,023 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Mimecast by 83.0% in the 2nd quarter. Renaissance Technologies LLC now owns 684,600 shares of the technology company’s stock worth $18,334,000 after purchasing an additional 310,500 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of Mimecast in the 2nd quarter worth about $17,278,000. Finally, Granahan Investment Management Inc. MA raised its position in shares of Mimecast by 2.9% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 582,720 shares of the technology company’s stock worth $16,561,000 after purchasing an additional 16,253 shares during the last quarter. Institutional investors and hedge funds own 58.66% of the company’s stock.

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Mimecast Company Profile

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

Analyst Recommendations for Mimecast (NASDAQ:MIME)

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