BidaskClub cut shares of Mimecast (NASDAQ:MIME) from a buy rating to a hold rating in a research note published on Saturday.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank began coverage on shares of Mimecast in a research report on Tuesday, December 19th. They issued a buy rating and a $35.00 price objective for the company. Zacks Investment Research cut shares of Mimecast from a hold rating to a sell rating in a research report on Tuesday, October 10th. Oppenheimer reissued a buy rating and issued a $35.00 price objective (up from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. Dougherty & Co boosted their price objective on shares of Mimecast from $32.00 to $36.00 and gave the company a buy rating in a research report on Monday, November 6th. Finally, Royal Bank of Canada reissued a buy rating and issued a $33.00 price objective on shares of Mimecast in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Mimecast currently has a consensus rating of Buy and an average price target of $34.33.

Mimecast (NASDAQ:MIME) traded up $0.40 during trading on Friday, reaching $32.74. 281,071 shares of the company’s stock traded hands, compared to its average volume of 294,717. The stock has a market cap of $1,880.00 and a PE ratio of -192.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 1.42. Mimecast has a 12 month low of $19.12 and a 12 month high of $33.05.

Mimecast (NASDAQ:MIME) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Mimecast had a negative net margin of 4.16% and a negative return on equity of 11.28%. research analysts predict that Mimecast will post -0.16 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GW&K Investment Management LLC lifted its position in shares of Mimecast by 41.1% in the 4th quarter. GW&K Investment Management LLC now owns 125,404 shares of the technology company’s stock worth $3,595,000 after purchasing an additional 36,536 shares during the period. Susquehanna International Group LLP lifted its position in shares of Mimecast by 198.1% in the 3rd quarter. Susquehanna International Group LLP now owns 55,872 shares of the technology company’s stock worth $1,588,000 after purchasing an additional 37,131 shares during the period. California Public Employees Retirement System lifted its position in shares of Mimecast by 22.5% in the 3rd quarter. California Public Employees Retirement System now owns 34,413 shares of the technology company’s stock worth $978,000 after purchasing an additional 6,313 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Mimecast by 94.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,050 shares of the technology company’s stock worth $598,000 after purchasing an additional 10,238 shares during the period. Finally, Granahan Investment Management Inc. MA lifted 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 period. 58.66% of the stock is owned by hedge funds and other institutional investors.

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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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